Consolidating market offers opportunities for white goods firm Neonet
"We are not giving up on the opportunity of raising money from the floor. But this year we intend to acquire a sector or financial investor," said Marek Majewski, president and owner of almost 100% of the firm. In his opinion, a financial investor will receive about 30% of the shares and, "mostly likely it would enter the company for 3-4 years. Over this period we could double the size of the firm and its sales. Later the investor might leave the firm through the bourse," said the CEO. If none of the offers are attractive, the firm will enter the bourse in 2007 and in either case the proceeds would be earmarked for acquisitions, boosting working capital and investments in stores. (Parkiet, p. 6) M.M.