News Parkiet

Alcoholic beverages

Polmos Białystok gives job guarantees

to staff

State owned vodka distillery Polmos Białystok has granted generous employment guarantees to its staff, the company said in its IPO prospectus. Polmos Białystok, which is going public later this month, promised it won?t fire workers for up to six years starting this March.

Publishing

Matras bookstores going public

Grupa Matras bookstore chain has hired ad investment adviser to help the company raise equity in a possible IPO on the Warsaw Stock Exchange. Matras, a company with annual sales of more than 150 million zloty, plans to merge with three regional subsidiaries to cut costs before it goes public.

Biotechnology

Bioton buys Singapore company

Poland?s sole publicly traded biotechnology company is set to buy 21 percent stake in Singapore-based SciGen as part of its strategy to expand to new markets in South-East Asia. Bioton said earlier it would pay up to 30 million zloty for a minority stake in SciGen.

Information Technology

Anica IPO priced at 5.2 - 6 zloty a share

Anica Systems software house has announced preliminary pricing range for its IPO, set to begin later this month. Lublin-based IT company says it plans to sell 4.5 million shares at between 5.2 and 6 zloty each giving new shareholders 70 percent stake in the firm if the offering is successful.

Venture capital

MCI makes another investment

Venture capital fund MCI Management said yesterday it will invest up to 2.5 million zloty buying a minority stake in a Warsaw firm called Comtica, a niche Internet company that designs corporate portals and interactive TV applications. The fund said it plans to buy some of Comtica?s shares from Nova Communications Group, the owner of 4Fun.TV broadcaster.