State owned pharmaceutical companies to consolidate

The latest version of the plan to consolidate state owned companies in the pharmaceutical sector envisages that seven companies will be merged to create a new entity. The new enterprise will be additionally capitalized with the remaining shares that the State Treasury owns in privatized p harmaceutical companies. The core of the new giant is to be the three Polfa companies: Pabianice, Warszawa and Tarchomin, while potential candidates to join these includes stock-listed Jelfa from Jelenia Gora, in which a large stake is still owned by the Treasury, and three other companies which will soon be privatized: Polfa Lublin, Polfa Grodzisk and the Cefarm wholesaler. Objections to forming such a giant enterprise have come from the Health Ministry and the Economy Ministry, which are currently pursuing their own policy with pharmaceutical companies. In an official statement the Treasury Ministry said very little beyond that the plan has been completed. The value of the new enterprise is to be around zl.900 million. (Puls Biznesu, p.4), M.T.