The Industrial Development Agency (ARP) called for the sale of 2,276,487 shares of Rafamet, constituting approx. 52.71 percent in share capital. As of the date of announcement of the tender offer, ARP holds 2,042,214 Rafamet shares, constituting approx. 47.29 percent of the total number of shares. The purchase of shares is to be a long-term investment in a company that will contribute to its development.
"ARP provides a guarantee and security for the future development of Rafament and strengthening its position on the domestic and foreign markets. ARP does not intend to withdraw the company's shares from trading on the regulated market or take any actions to this end," Cezariusz Lesisz, president of ARP, said.
"The extension of the company's activity will require strengthening both in the financial and management fields. The ARP is working on a model of optimal financing for the company's further development. It is considering, among others, raising capital on the WSE as part of Secondary Public Offering," Paweł Sułecki, investment manager at ARP, added.
Rafamet is one of the world's few manufacturers of special machine tools for processing wheelsets of rail vehicles. The share of exports in total sales is approx. 70-80 percent.