Ambra looks forward to the sweet taste of IPO success

In roughly three weeks Ambra, the largest domestic wine dealer, will debut on the bourse and, "We plan to collect up to zł.90 million from the floor, which would be designated for acquisitions of companies, brands and capital investments in Poland, Rumania, the Czech Republic and Slovakia," said Claudius Hilla, president of Ambra. The investment program of the firm is much larger, and additionally Ambra will designate roughly zł.40 million from own funds and loans to this end. The enterprise is currently negotiating details of the acquisition of two companies, both of which record annual revenues of zł.40-50 million each. "I believe that talks concerning one of them will be completed later this year," said Claudius Hilla. (Puls Biznesu, pp. 1, 5) M.M.