The State Treasury in Poland has begun the sell off of drinks producer Polmos Wroclaw, according to reports in the local press.

The treasury is asking for bids for at least 51% of Polmos Wroclaw, with an offer of at least 3.87m shares (51%). Employees, meanwhile, will be allowed to take 15% of shares while the Treasury can keep 5%.

The Polish reports said talks would concern price per share, development programmes, including share capital rises and other investment obligations as well as so-called social packages for employees. The deadline for placing offers was set for June 3, 2002.