Boryszew reaches deal to increase share in Impexmetal

The agreement was reached three days after the company received the exclusive rights to negotiations, eliminating English fund Bankroft from the talks. The purchase will cost Boryszew around zł.200 million, and will be conducted on an off-session basis. Waldemar Zwierz, Boryszew deputy president, announced the funds will be raised from the company's own means and bank loans. The acquisition will be added to the 30% stake that Boryszew and its main shareholder Roman Karkosik already have in Impexmetal. The transaction will probably affect decisions made at Impexmetal's general shareholders meeting which is slated for February 2, as it is expected that Roman Karkosik and his aides will join the Supervisory Board. (Parkiet p. 1) M.G.