POLAND: Belvedere control of Bialystok in days
Belvedere is poised to secure control of Polmos Bialystok this week.
The French company, which is still in exclusive talks to buy a 61% stake in the Polish vodka company through its unit Sobieski Dystrybucja, is expected to sign a binding agreement with the Polish Treasury within the next few days.
Speaking at a lecture, Treasury Minister Jacek Sopcha said yesterday (30 May): "The Polmos Bialystok sale agreement will most likely be signed by the end of the week."
Sobieski had been vying with Central European Distribution Corporation and Polmos Lublin for the 61% holding in Bialystok.
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