Campus ready to takeover troubled Alpinus

Sportswear producer Alpinus has begun legal proceedings with creditors and is considering merging with another company. Deputy president and co-owner of Alpinus announced that either at the end of April or at the beginning of May the management board would propose ways of repaying creditors and restructure the company. Several of its competitors, including Campus, are interested in taking it over. "We have placed an offer for close cooperation," said Mark Forkun, advisor to the management of Euromark Polska, which owns Campus. Investment fund Renaissance Partners (RP), which holds a 24% stake in Alpinus, is not likely to inject further capital in the producer. "We have used all the money for this purpose. Sometimes it is better to lose some money than to risk investing more," said RP partner Piotr Bardanin. Both the fund and Alpinus hope the company would receive more capital from banks. (Puls Biznesu, pp. 1, 10) M.M.