Skip to content
Advertisement

Business

Will UOKiK approve of Bartimpex's takeover plans?

Bartimpex, which is owned by the Gudzowaty family, has reached an agreement with the State Treasury to acquire 85% stakes in two Polmos plants in October. The value of the transactions are estimated at zl. 100 million. The Treasury has excluded social packages for employees from the privatization agreements. The deal over the Akwawit Polmos plant must first secure the consent from the Office for Competition and Consumer Protection (UOKiK), as the company is an important producer of bio-ethanol, and its acquisition would give Gudzowaty a 50% control of the bio-fuels market. Bartimpex hopes that after a new law on bio-fuels is passed, the need for them will quadruple to about 250 millions liters a year. (Prawo i Gospodarka, pp. 1, 6) M.M.

More from Business All