PepsiCo to sell Polish unit E.Wedel

Article Abstract:

PepsiCo Inc. of Purchase, NY, plans to sell its Polish confectionery subsidiary, E. Wedel SA, as part of a global strategic realignment aimed at concentrating on its soft drinks and salty snacks core businesses. The firm completed a tender to delist the Polish firm from the Warsaw Stock Exchange in November 1997. PepsiCo originally invested in Wedel in 1991. Wedel, one of Poland's strongest brand names, has a chocolate and biscuit operation that generated revenue of roughly $170 million in 1997. With roughly 19% of the country's $1 billion market, Wedel is Poland's leading confectionery firm. More than 10 interested bidders have been issued a prospectus by PepsiCo's adviser on the sale, ABN Amro Corporate Finance Ltd.

Comment:

Polish confectionery subsidiary of PepsiCo that may be sold

Asset sales & divestitures, Acquisitions & mergers, Chocolate and Confectionery Manufacturing from Cacao Beans, Canned & Bottled Soft Drinks, Soft Drink Manufacturing, Confectionery Products, Soft drinks, Candy, PepsiCo Inc., E. Wedel S.A.

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Polish digital-TV battle moves to prime time

Article Abstract:

oEntertainment Inc., Poland's biggest cable-TV provider that is listed in the Nasdaq Stock Market, is in stiff competition with Canal Plus Polska, the Polish unit of France's Canal Plus SA, over dominance of Poland's digital TV systems. oEntertainment and Canal Plus Polska cancelled an effort to merge their respective digital-TV systems four months ago. oEntertainment is already offering Wizja TV, a digital direct-to-home satellite broadcast system. Canal Plus Polska will soon roll out the Polish Digital Platform with the help of several partners such as Bresnan Communications of the US, Telekomunikacja SA, Polsat SA and Telewizja Polska SA.

Comment:

Is in stiff competition w/ oEntertainment Inc, Poland's biggest cable-TV provider, over dominance of Poland's digital TV systems

Direct Broadcast Satellite TV Providers, Cable and Other Program Distribution, Satellite television, Satellite television industry, oEntertainment Inc., Canal Plus Polska

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Demand is strong for Polish phone stock

Article Abstract:

Telekomunikacja Polska SA, a telephone firm from Poland, has shares of its stock enjoying strong demand from both foreign and domestic investors. Telekomunikacja Polska, which has shares of its stock priced at $4.44 a share for foreign investors and at Zly15.30 a share for domestic investors, has a $6.2-billion value. The range of prices for the company's stock prices was seen as sufficiently higher compared to the bottom price range set for its stock prices.

Comment:

Has shares of its stock enjoying strong demand from both foreign and domestic investors

Wired Telecommunications Carriers, Telephone Communications, Telephone services, Telekomunikacja Polska SA

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