BBI to widen scope and diversify
BB Investment, which controls three stock-listed investment funds: BBI Capital, BBI Development and BBI Zeneris and is also a significant shareholder in Sygnity, is working on a long-term strategy to be prepared by the end of the year.
"We want to add two pillars to our current activities. Today we are based on investments, eventually we want to post substantial revenues from managing entrusted capital as well as investment banking services," said Paweł Turno, president and the main shareholder of BBI.
The strategy envisages transforming the firm into a financial holding, while BB Investment will be the umbrella company spanning the three business streams. "So far we are based on our own capital, our capacity is however limited, e.g. we could not carry out large buy-outs or enter other interesting areas. [...] Now we want to reach for other investors' capital," said the CEO.
Despite the fact that other domestic funds are planning expansion outside of Poland, BBI is not planning such a move.
Source: Puls Biznesu (M.M.)
"We want to add two pillars to our current activities. Today we are based on investments, eventually we want to post substantial revenues from managing entrusted capital as well as investment banking services," said Paweł Turno, president and the main shareholder of BBI.
The strategy envisages transforming the firm into a financial holding, while BB Investment will be the umbrella company spanning the three business streams. "So far we are based on our own capital, our capacity is however limited, e.g. we could not carry out large buy-outs or enter other interesting areas. [...] Now we want to reach for other investors' capital," said the CEO.
Despite the fact that other domestic funds are planning expansion outside of Poland, BBI is not planning such a move.
Source: Puls Biznesu (M.M.)
