No buyers for Treasury stake in Cefarm Rzeszow

2012-01-09



The Ministry of Treasury on 5 January 2012 announced that it has terminated the sale of its remaining minority stake in Cefarm Rzeszow, a former state-owned drug distributor now controlled by Mediq, due to the lack of potential buyers.
On 31 October 2011 the Treasury put up for sale 272,723 Cefarm shares representing 41.65% of the firm’s equity, with an asking price of PLN 26.2m (€5.8m). The deadline for the submission of indicative offers was 30 December. No bids were received.
It is was a second attempt by the ministry to exit Cefarm Rzeszow in the space of a year. The previous one, in January 2011, also attracted no bidders.
Cefarm Rzeszow is a major player in Southeastern Poland. It derives 90% of revenues from the pharmacy market and 10% from about 40 hospitals. It offers 10,000 products from 300 suppliers.

More information available in the PMR broader view: five Polish state-owned pharma and healthcare firms not sold yet