Three make short list for Polmos Poznan privatization
Three make short list for Polmos Poznan privatization
French Pernod Ricard, Dutch Bols and a consortium of Germany-based Eckes
and Swedish Vin & Spirit are on the short list of companies to buy Polmos
Poznan distillery. The Treasury Ministry plans to sell at least 51% of
shares of Polmos Poznan this year or in the first quarter of 2001 at the
latest. The interested companies are now planning to conduct due diligence
of the Polish firm. According to sources, the companies in question are
offering around $100 million for the stake. The price is close to the
value Polmos Poznan's assets which at the end of last year were zl. 400
million. The representatives of the bidding companies declared they are
interested in selling Polish vodka on the local market rather than
exporting it. If they fulfill their declarations the war over foreign
registration of Polish alcohol may come to an end. (Puls Biznesu, page 8,
Reuters)
