Analysts say Budimex and Exbud likely to dominate construction market

According to analysts, there is room for no more than three major construction companies in the Polish construction sector. These three leaders together with smaller local entities, they say, will eventually acquire 40% of the building market. According to CDM Pekao analyst Rafal Jankowski, Budimex and Exbud have the best chances of becoming two of these three leading construction companies. However, market specialists disagree on the third player and say that a merger of several small companies could possiblly produce the last company. The biggest construction companies have already begun to strengthen their market position through restructuring and consolidation. The Polish construction market is one of the most segmented, with about 200,000 companies operating in the sector, say the analysts. (Prawo i Gospodarka, p.1)