CLiF on verge of securing a new investor and a new profile

During the general shareholders' meeting on September 30, the company will make a decision concerning the increase of its capital from the current zł.3.7 million to around zł.20 million. The company is presently in talks with the new investor. "We are very close to securing an agreement. If it comes to fruition our partner will take over a majority stake, most probably around 80%," said Dariusz Baran, CLiF's president. He refused to reveal the name of the investor. Baran said also that after winning a new partner and increasing the capital the company could withdraw from its current activity and start operating in the liabilities trading sector. "As a result of our agreements with banks, CLiF now has a huge liabilities portfolio. Depending on what methodology one used to evaluate it amounts to between zł.280-370 million and this is what we have been concentrating on for a longer time already. I believe this is a great potential, which we should use," said Baran. (Puls Biznesu, p. 6) A.F.