Treasury sells Polpharma to consortium of local investors
The Treasury Ministry is today expected to sign the privatization contract
of Poland's largest pharmaceutical firm Polpharma Starogard Gdanski. The
buyer is a consortium comprising of Prokom, Spectra Management, Warta and
Polsat. Polpharma would create a regional pharmaceutical holding expected to
be among the largest in Central and Eastern Europe. Annual sales of
Polpharma have fluctuated in the range of zl. 400 million to zl. 500
million. The company produces medicinal drugs and reagents that can be used
by other companies to produce medicines. Polpharma requires $100 million to
modernize existing production lines and introduce new products.
(Rzeczpospolita, page B2) S.M.
