Grindeks                                                        12.10.2005



JSC Grindeks informs about the invitation to repeatedly submit its application 

for the acquisition of the shares of pharmaceutical company “Jelfa S.A”  



On October 5, JSC Grindeks received an official letter from the Industrial 

Development Agency (IDA) of Poland with the invitation to repeatedly submit 

its application for the acquisition of the share stock making 47, 83% of 

total Jelfa’s share capital.  





After the evaluation of the previously submitted applications concerning 

price proposal and other conditions Industrial Development Agency (IDA) of 

Poland has accepted JSC Grindeks as one of the applicants for the acquisition 

of the share capital owned by the State institutions. Participation in the 

auction for the above mentioned 47,83% share capital is set to be in several 

stages. First stage of this auction was beneficial for the JSC Grindeks. 



As it is mentioned before JSC Grindeks on June 6 as a response to the letter 

from IDA inviting Grindeks to take part in the process of privatization of 

Jelfa’s share capital belonging to the State institutions submitted its 

application at the Industrial Development Agency (IDA) of Poland expressing 

an interest to purchase the share capital of the pharmaceutical company 

Jelfa S.A. 



For this moment state institution owned shares 47.83 % is divided into - 26.1% 

of „Jelfa” share capital belongs to the Industrial Development Agency (IDA) of 

Poland, 3.9% to the Ministry of State Treasury, 16.7% to the State Insurance 

Joint Stock Company.





Information prepared by:

Finance and Administrative director

JSC Grindeks

Office: 7083250, 

GSM:  9226767

e-mail: janis_romanovskis@grindeks.lv