POLAND: Bartimpex buys Polmos Wroclaw
By just-drinks.com editorial team | 10 July 2003
Polmos Wroclaw operates a bio-ethanol production unit which is currently working at below capacity.
Under the terms of the deal as reported, Bartimpex is to invest PLN12m (US$3.1m/€2.7m) in Polmos Wroclaw if the Polish government passes a bio-fuels bill within the next 30 months. If no such bill is passed, Bartimpex will have to invest PLN2.0m in the distiller which employs 230 people and has around 3% of the Polish vodka market.