Carcade seeking foreign investor to up capital, patch up credit problems

Major domestic leasing company Carcade Invest is seeking an investor to inject roughly zl.300 million into the company in a bid to increase its capital and finance new transactions. After several months of negotiations, leasing giant Europejski Fundusz Leasingowy (EFL) pulled out of talks with the company, which is in desperate need of the funds due to recent credit-line problems, citing irreconcilable differences of opinion about the price of the deal. EFL allegedly wanted to offer between zl.100 million - zl.135 million. Carcade has reportedly begun preliminary negotiations with several foreign banks and investment funds, whose names so far remain undisclosed. (Puls Biznesu, p. 4) A.D.