POLISH DRUGS FIRM SPURNS IRISH OFFER
POLAND'S Treasury Ministry has said that it received an approach from an Irish drugs firm interested in buying a stake in the state-owned pharmaceutical group, Polski Holding Farmaceutyczny.
The group was established last year when three individual drugs firms were amalgamated into one entity in anticipation of a stock market flotation next year.
However, the ministry has said that it rejected the Irish offer and wants to proceed with a flotation option for the group. When contacted last Friday, the ministry declined to reveal the name of the Irish firm that made the approach.
ULTIMATE LEISURE POSTS PRETAX PROFITS OF â¬7M
ULTIMATE Leisure, the UK-based pub group which has said it will expand its operations in Ireland, is expected to announce pretax profits of almost 7m for the six months to the end of December, up marginally on the same period in 2003. The results will be released on 24 February.
The group acquired a premises in Cork last September and will invest a total of 5m transforming it into a nightclub.
Chief executive Bob Senior previously told the Sunday Tribune that the company had looked at several other potential cities in the Republic including Dublin, Galway and Waterford.
It also operates four properties in Belfast. It has a total of 30 properties and is also seeking to expand into southern England.
GERARD O'HARE APOLOGY
LAST week the Sunday Tribune reported that Northern Ireland property firm Parker Green has made a move into the US, taking control of an entity called Enterprise Real Estate Services.
We incorrectly named the head of Parker Green as Gerard McHale. It is, of course, Gerard O'Hare, who also developed the Fairgreen shopping centre in Carlow. The Sunday Tribune would like to take the opportunity to apologise for the error.