Bipromet bought by Capital Partners; 2006 IPO planned

The value of the transaction is zł.6 million. The current owner of Bipromet, Budimex-Dromex, plans to sell all the company's shares. "We decided to invest in this company because it operates in a very attractive, rapidly developing niche. Bipromet has very good management and it is increasing its sales rate dynamically" explained Paweł Bala, president of Capital Partners. In 2004 Bipromet's turnover amounted to zł.37 million and its net profit stood at about zł.500,000. Capital Partners does not exclude the possibility of shortly selling its stake in the firm. According to Bala, the company should be ready for the entry of a new investor in Q1 next year. Simultaneously, Capital Partners will start work on Bipromet's issue prospectus. "We want to be prepared for floating the shares on the bourse in 2006," said Bala. (Parkiet, p. 5) A.F.