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POLAND: Okocim plans new shares issue

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Okocim, Poland's third-largest brewer and Carlsberg subsidiary, said yesterday that it is going to issue 6.7m  to 8.4m new shares in a rights offering. The issue will be voted on at an April 24 shareholder meeting. Rights for the new shares are to be set on June 28. Meanwhile Okocim also announced that it had paid PLN110m to Germany's Bitburger for shares in the Szczecin and Sierpc breweries, the acquisition of which Okocim agreed last year. Another PLN 110 mln will be paid in new Okocim shares.


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