Three companies to battle it out for Polmos Białystok

In its justification, the Ministry wrote that the move was made, "To achieve even better terms of transaction". "Despite the worsening situation on the floor, we anticipate the firm will debut 10% above the par value of the offer," said Artur Olender, president of Penetrator. The strategic investor will purchase a stake of at least 51% in the vodka producer, and it is also very likely that they will snap up another 10% stake, which was not distributed among individual investors. The bidders include CEDC, Sobieski Dystrybucja and Polmos Lublin. Deputy Treasury Minister Dariusz Witkowski, did not deny the Ministry was still planning to collect a total of zł.1 billion from the privatization. According to some analysts, the Treasury is also delaying its decision in order to receive an opinion from the Competition and Consumer Protection Office (UOKiK) concerning market concentration and thus to avoid compensation payment. (Parkiet, p. 1; Puls Biznesu, pp. 1, 9) M.M.