Chłopskie Jadło to feed ambitious expansion plans through stock market debut

Currently, the group consists of eight restaurants and several stalls in supermarkets and hypermarkets. "In June 2006, at the latest we want to float the company on the Warsaw Stock Exchange (WSE)," said Jan Kościuszko, the group's president. The company plans to collect capital of about zł.15 million, which would be spent on the opening of 10-15 new restaurants in the Poland's larger cities, as well as on the expansion of the firm's own stores. Chłopskie Jadło is now working on the issue prospectus. As part of the preparations for the debut, the firm will transform itself into a joint-stock company in November. After the issue, the majority stake will remain in the hands of the current owners, the Kościuszko family. Ultimately, over the next eight years Kościuszko plans to create a network of about 150 stores selling the company's products. Further plans also envisage the takeover of another company in the sector. (Puls Biznesu, p. 6) A.F.