Cefarm to consolidate and conquer before privatization

"We decided that at this point it will be best to develop by consolidation and acquisition," said Kruk. "This will allow for rapid growth of revenues and market share in the distribution segment." Kruk thinks that it would be best to merge with Cefarm Białystok and a few other strong local distributors saying that the merger of Cefarm companies would be beneficial to the state by facilitating supervision, growing value of the new entity, boosting revenues and lowering costs. "The new entity would have chances of achieving revenues of zł.1.4 billion and market share of 8-10%," he added. Over the next two years his company would be willing to control 100 drugstores, which would ensure a solid revenue base. (Puls Biznesu, pp. 1, 6) M.M.