Citigroup & GE Capital join competition to invest in EFL

According to unofficial sources GE Capital and Citibank will join the group of investors looking to invest in Europejski Fundusz Leasingowy (EFL) leasing fund. The entrance of one of the two banks would allow the fund unlimited leasing financing. Despite EFL claims that over ten investors are interested in the deal, the most serious partners, allegedly approved by EFL, are Italian UniCredto Italiano and French Credit Agricole, as well as the two newcomers. EFL will decide which of the potential buyers to invite to invest in the fund before the end of February, but it is already known that at least one of the four will not reach ⌠the finals.■ The ultimate choice of strategic investor for EFL will be reached in April. The winner will acquire at least 25% of the company, but may well strive for a controlling stake. The expected price of the package offered will be around zl.900 million. According to analysts, the best partner for EFL would be UniCredito Italiano, which controls Pekao SA, with the best developed retail bank infrastructure in the country. (Puls Biznesu, p.4) J.K.