News

POLAND: Two more Polmoses up for sale - reports

Most popular

Six trends shaping cannabis beverages

How to win the marketing war in spirits

Heineken 0.0's march to global success - Analysis

What will be Pernod Ricard's priorities?

MORE
The Polish Treasury Minister has put two vodka makers up for sale, it was reported today. Stakes of 80% are to be offered in the alcohol producers Polmos Bielsko-Biala (PBB) and Polmos Jozefow (PJ). Decisions on the privatisation of the Polmoses in Szczecin, Sieradz, Lodz and Bialytok are expected shortly.

According to reports from Poland, Pawel Jagiello, president of Proinvest International, an adviser to PBB and PJ, was quoted as saying: "Potential investors can bid for the two companies as well as just one of them. Other reports suggest that the president of alcohol distributor Sobieski Dystrybucja, Waldemar Rudnik, will make a bid.

PBB forecasts net profits for 2003 to reach ZL3m (US$755,820) from sales of ZL240m. In the first nine months of 2003, the company tripled its sales against year-on-year. PJ posted a net loss of ZL1m in the first 10 months of 2003.

PBB may have to pay several million zloty in unpaid excess tax, suspended in 2002, under the condition that PBB meets its tax dues by 2005.


Sectors: Spirits

Related Content

Wemyss Malts' Kingsbarns Distillery Dream to Dram - Product Launch

Wemyss Malts' Kingsbarns Distillery Dream to Dram - Product Launch...

How to win the marketing war in spirits - Comment

How to win the marketing war in spirits - Comment...

Pernod Ricard sets sustainable coffee target for Kahlua

Pernod Ricard sets sustainable coffee target for Kahlua...

If you read only one thing... - This week's must-reads on just-drinks

If you read only one thing... - This week's must-reads on just-drinks...

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?