Acquisition of Novitus is Comp's gateway to clients in the SME sector

On the primary market Novitus' shares cost zł.15.3 each. Comp offers 7.2% more, and this is still before Novitus' debut on the bourse, which is scheduled for Thursday. Comp, which currently has no shares in Novitus, wants to become the largest shareholder in the firm and has a precise plan following the possible takeover. "By acquiring Novitus we hope to enlarge the sales rate in the distribution network of the entity," said Robert Tomaszewski, head of Comp's supervisory board. He added also that the company plans to enter the market for SME's and that, "Novitus is on very good terms with clients from this sector." According to Puls Biznesu daily, the value of the transaction can amount to zł.19 million. Acquisitions constitute an integral element of Comp's 2005 financial projections, which envisage an increase in revenues by nearly 40%, and a net profit of zł.10 million. (Puls Biznesu, p. 6; Parkiet, p. 5) A.F.