The Treasury Ministry has invited bids for acquisition of 51% of shares in liquor-producer Polmos Poznan.

A shortlist is to be drawn up on September 2 of companies eligible to conduct a due diligence exercise in Polmos. Thereafter, bidders will present their preliminary share offer, including investment plans and social-package plans for the workers. According to Polmos president Janusz Michalski, the sale of substantial stakes will not occur until the first quarter of 2001. The management is putting its house in order first. It has just approved an optimistic proposal designed to sustain the current domestic-market share and boost exports. Polmos' most successful brand is Wyborowa vodka. With a workforce of 700, the company had sales revenue of zl. 924 million last year, with a net profit of zl. 13 million. Potential bidders include Pernod Ricard with Agros, and Domecq with Eckes. (Prawo i Gospodarka, page 3) S.M.