News

POLAND: State receives two bids for Polmos Zielona Gora

Most popular

Why COVID-19 has restored plastic's popularity

Remy Cointreau Performance Trends 2016-2020

COVID-19 a double-edged sword for CBD

How drinks companies can trump the water fountain

Campari and Cuervo - The next big spirits buy?

MORE

The Polish authorities have received two binding bids for the vodka producer Polmos Zielona Gora, one from Sweden's Vin & Spirit and the other from a consortium of Polish alcohol distributors, the Polish press reported today.

This is the third attempt to sell off Zielona Gora, the third largest state-owned distillery in Poland which controls around 8% of the Polish spirits market.

It is believed the bids failed last year because the Polish authorities overestimated the value of the operations. The State Treasury, it is thought, had valued the business at ZL300m. Sources today were quoted as saying the Polmos is worth closer to ZL70m.

The Polish Treasury Ministry has invited bids for at least a 51% stake in Zielona Gora.


Related Content

Five political developments with potential consequences for business in Q1 2018 - Focus

Five political developments with potential consequences for business in Q1 2018 - Focus...

Drinks as investments, Heineken's UK pub play and the growing workload for listed companies - The just-drinks Analyst

Drinks as investments, Heineken's UK pub play and the growing workload for listed companies - The ju...

INDIA: State regulations block beer market growth - SABMiller

INDIA: State regulations block beer market growth - SABMiller...

PepsiCo adds Pepsi Pineapple to US flavours range

PepsiCo adds Pepsi Pineapple to US flavours range...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?