Polish Privatization: Rubber Product Manufacturer Stomil

Bydgoskie Zakłady Przemysłu Gumowego "STOMIL" S.A. is a leading manufacturer of rubber products in Poland. In its early years called "Kauczuk", which was changed in 1970 to "Stomil". Since 1998 it is owned by the Polish Treasury.

In the privatization tender 2,641,460 ordinary shares are for sale, a single buyer can buy a minimum of 10% and a maximum 85% commanding majority in the company. The starting price of the shares is PLN 10.00, or PLN 26.41 million (€6.6 million or $9.4 million) for the majority stake.

The privatization bid's deadline is 22 January 2010 (Warsaw time).