Cosmetics firm may finally be pretty enough to debut

"We plan entering the floor by the end of Q2 2007 at the latest. The value of the offer will stand at zl.20-30 million," said Andrzej Grzegorzewski, president of Kolastyna.For the time being, the company is not willing to reveal what proceeds from the IPO would be spent on. The group estimates its market share at 5.4% in Poland. "We want to take over 10% of the market within three years," announced Grzegorzewski. It has much room for improvement, especially bearing in mind that the market is to grow, slowly, as well. "This year the value of the cosmetics market will grow by 3.5%, to about zl.9 billion. Next year growth should stand at 4-5%, if excise duty on cosmetics is abolished," said Patrycja Ciosek, an analyst with PMR. (Puls Biznesu, p.10) M.M.