Asseco, Softbank poised to merge and conquer

A floatation of the new entity on the Warsaw Stock Exchange is also planned in the same quarter, under the name Asseco Poland. The merger, which is to be accepted at the two companies' general shareholders meeting planned for November, is to create a company with revenues of around zl.1.3 billion and net profits of zl.109 million in 2007. According to Adam Góral, Asseco's founder, the merger will bring around zl.10-15 million in savings. The new entity plans to become a giant operating throughout the CEE zone; it already has a subsidiary in Slovakia and the Czech Republic. Moreover, Asseco is preparing to go ahead with three acquisitions in the Czech Republic. The plans for 2007-2008 also envisage further development in the Balkans (Romania, Bulgaria, Serbia). (Puls Biznesu, p.9) A.K.