Carlsberg ready to buy part of Piast new share issue

Brewer Piast, a company indirectly owned by Carlsberg, is preparing to increase its share capital by zl. 50 million to zl. 151 million. "So far, only the main shareholder has expressed his will to buy the new shares," said Piast president Piotr Majchrzak. The money will be spent on covering much of Piast bank debts, which at present amount to zl. 100 million. "We do not have any liabilities to our suppliers. We expect to repay above what we raise from the shares based on income from increased sales," said Majchrzak. The brewery restructuring programme envisages that it will now break into profit for the first time in years. (Puls Biznesu, p. 8) M.M.