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POLAND: Treasury to sell Bialystock - report

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Poland's Treasury is planning to call a privatisation tender for the distiller Polmos Bialystock in late August, the local press reported today.

The report said that the ministry is seeking to sell off 80% of the company, which produces around 20m litres of spirits a year, including the Zubrowka and Absolwent vodka brands.

It is unclear yet whether the ministry intends to float the company on the stock exchange, sell off shares to a private investor or mix the two options.

The report says the Ministry hopes to raise around US$139m to US$166.9m.


Sectors: Spirits

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