BRE Bank and Stopmar buy up Vistula shares

BRE Bank announced yesterday that in December it acquired a 9.99% stake in the Vistula clothes manufacturer. A day earlier, Lodz-based Stopmar, which has been expanding the Vistula network of shops, confirmed that it also decided to increase its share capital in Vistula to 7.49%. According to unofficial information, financial institutions have acquired another 10% stake in Vistula this month from the company's subsidiaries Artisti It aliani, Vistula Market and Staszow which sold their entire 23.22% stake in the parent company. Vistula deputy board chairman Michal Wojcik said in a statement that these transactions have improved the financial liquidity of the company and it is a convenient tool to finance the indebted company. (Rzeczpospolita, p. B3) A.K.