j'allais le dire !

par mareva , Barjac, mardi 21 juin 2005, 14:48 (il y a 7103 jours) @ Minos / Villas

WARSAW, June 21 (Reuters) - U.S. spirits distributor CEDC (CEDC.O: Quote, Profile, Research) has been granted exclusivity in talks to buy a majority stake in distiller Polmos Bialystok (PLMB.WA: Quote, Profile, Research) from the Polish government, Bialystok said on Tuesday.

"The Treasury Minister has granted CEDC exclusivity in negotiations to buy a stake in Polmos Bialystok for the period of June 22 through July 1," Bialystok said in a statement.

On June 9, Poland said it would hold non-exclusive talks to sell a 61-percent stake to CEDC, whose full name is Central European Distribution Corporation, after talks with France's Belvedere (BEVD.PA: Quote, Profile, Research) failed.

Bialystok's shares were suspended for about half an hour and after resuming trade at 1030 GMT clawed their way out of negative territory to 80.20 zlotys ($23.94) -- up from 79.60 before the suspension and a gain of 0.3 percent on the day.

Polmos employees had protested against the selection of Belvedere, saying the French company's local unit Sobieski Dystrybucja planned to use Bialystok simply as a bottling plant rather than developing its brand portfolio.

Earlier, the treasury said that it planned to gain at least 1 billion zlotys ($298.5 million) from the privatisation of Polmos Bialystok, including around 300 million already received from the company's initial public offering in April. For main central European company news, double click on [.CEE] E.Europe hot stocks [HOT-EEU] Main E.Europe news [TOP/EAST] Related stories on [HU] [PL] [CZ] [EEU-STX] [EEU-RES] [EEU-E] For real-time index quotes, double click in brackets: Warsaw WIG20 Budapest BUX Prague PX50

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mareva