Treasury tries a second time to sell largest educational books publisher WSiP
The Treasury Ministry has relaunched a tender for the purchase of an 80%
stake in Wydawnictwa Szkolne i Pedagogiczne (WSiP), Poland's largest
publisher of educational books. In December of last year the ministry
cancelled the first tender, in which Pearson Education, a unit of British
Pearson media group, Poland's Uniprom and Polskie Ksiazki Edukacyjne had
been shortlisted. It gave no reason for its decision. The controversial
provision calling for the investor to "guarantee the national identity of
WSiP", which prompted large publishers such as Hachette and Wolters Kluwer
to pull out of the fist running, has been left out of the tender's
requirements this time around. The ministry will also not oblige the new
investor to commit to a long-term investment in the company. Instead, the
investor will be chosen on the basis of the price offered, its business
strategy and social packages for the company's 445 workers. Likely
participants in the tender include Folens of Ireland and Finland-based
WSOY, which also participated in the first tender. (Rzeczpospolita, page
B4; Reuters) A.Z.