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Polish tycoon Solorz-Zak buys 10 pct of Bioton

Tue May 20, 2008 1:14pm EDT
 
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WARSAW, May 20 (Reuters) - Polaris Finance, an investment vehicle of Polish media tycoon Zygmunt Solorz-Zak, has bought a 10 percent stake in Polish pharmaceutical company Bioton BOTN.WA, Bioton said in a statement on Tuesday.

"We bought the shares at market price. It's not a short term investment, we want to hold Bioton for a minimum of two years," Solorz-Zak told Reuters in a phone interview. "In a few months we'll consider (whether to increase our stake)." (Reporting by Marcin Goclowski; Writing by Marynia Kruk; Editing by David Holmes)

 

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