Unimil could go on sale if Condomi's problems persist

German condom producer Condomi informed Friday that it was negotiating terms of receiving financial aid from a consortium of banks, as otherwise it would face bankruptcy. Grzegorz Winogradski, president of Unimil, the Polish subsidiary of the German company, is not afraid about the future of his firm." If negotiations with banks end in failure, than there is a risk that Condomi and its subsidiaries, excluding Unimil, will lose financial liquidity," said a Condomi management board representative on Friday. Winogradski said, "I am sorry that the company has problems, but we are developing according to schedule and we have good financial results. I think that Condomi could dispose of our shares easily". He has, however stressed that they might be bought by financial institutions rather than sector investors, as all of the European players have excessive capacity. "The Polish company is the crown in our jewel and we will only sell it if we have no other choice," assured Condomi president Jens Waldhof. (Parkiet, p. 1) M.M.