ComArch to invest in Cracovia SSA sports club

Grzegorz Blazewicz of IT integrator ComArch has announced the company's plan to acquire a minority stake in Krakow-based sports club Cracovia SSA. "On Monday we signed a letter of intent on the matter. The major goals of this investment are to promote the company and provide the funds necessary for the club's development," stated Blazewicz. ComArch, which already sponsors Cracovia SSA, plans to take over around a 30% share in the club worth an estimated zl. 3 million. Prior to the operation, the company will conduct legal and financial due diligence into the club and afterwards propose its development strategy to Cracovia's management. Cracovia was founded in 1906, but has recently lacked any notable sporting achievements. (Puls Biznesu, p. 7) M.M.