Bank Handlowy becomes biggest "brick" in Mostostal

Bank Handlowy (BH) has become the largest investor in Mostostal Zabrze. On Thursday, 3.4 million of Mostostal's privileged shares were converted into simple shares. Privileged shares have five voting rights at the Annual Shareholders Meeting, whereas each simple share has only one vote. BH has taken over a whole new offering of seven million shares . However, it is not allowed to sell these shares for two years. Analysts are expecting BH to plan a consolidation within its group, as it is also a major investor in other companies within the construction sector, Polimex and Pia Piasecki. This latest acquisition gives BH an opportunity to create a dynamic construction holding, which can control a major part of the market. (Prawo i Gospodarka, page 13) A.D.