Cersanit to raise zl. 60 million investment capital through new share issue

On December 12 the management of Cersanit, a ceramics company, is to decide whether to raise its capital, with the zl. 60 million in funds obtained from the shares issued to be allocated to earlier-planned investments. After issuing the shares, set at the price of zl. 36, the company's capital will be raised from the present zl. 11.6 million to nearly zl. 13.3 million. The acquisition of additional financial resources, bringing the estimated total gain to zl. 150 million, will be especially important to Cersanit as it plans to complete the construction of four new production plants. This concerns investments located in special economic zones in Starachowice and Walbrzych. The rest of the money, ear-marked for the construction of factories specialized in the production of ceramic sanitary products and bathroom appliances, will be obtained from long-term bank loans. (Parkiet, p. 3) A.C.