Central Soya selected as Rolimpex's strategic investor
The Treasury Ministry will sell a 24.4% stake of Rolimpex S.A. worth zl.
40.5 million to U.S.-based stock feed producer Central Soya Rolpol Holding.
Central Soya promised neither to change the name of Rolimpex nor delist the
company from the Warsaw Stock Exchange (WSE) for five years. Additionally,
the American firm intends to buy a 25% stake belonging to entities
associated with the capital group of Rolimpex. Rolimpex-Investment Fund
holds 10% of that stake and 15% is in the hands of Rolimpex-Pracownicy.
After finalizing the transaction, the Treasury will hold only 5% of Rolimpex
shares as privatization reserves. The company needs a strong investor since
it is in serious financial difficulties. The losses of the capital group
amounted to zl. 54 million this year. (Gazeta Wyborcza, page 30, Reuters)
A.Z.
