Treasury chooses potential investors for Polmos Bialystok

The State Treasury yesterday chose two potential investors for distillery Polmos Bialystok. According to Puls Biznesu, they are Allied Domecq and a consortium of Eckes and Vin & Sprit. The Treasury plans to sell between 51% and 80% of Polmos Bialystok, with the deal scheduled to be concluded before the end of the year. According to unofficial sources quoted by Puls Biznesu, the Treasury was originally hoping to earn more than zl.600 million from the sale of an 80% stake in the distillery. However, the first tender failed after the Treasury rejected all the bids it had received. Now it seems the privatization will generate only some zl.300 million. In a related development, the tender for purchasing Polmos Zielona Gora will be repeated, after the Eckes and Vin & Sprit consortium decided to withdraw its offer. (Puls Biznesu, p. 4) P.J.