CSFB hedges its bets with regards to Opoczno's IPO

Now it only needs the permission of the owners, which should be granted during the general shareholders meeting scheduled for March 15. The shareholders meeting will also have to decide on the rights and competencies after the debut of a consortium of Credit Suisse First Boston and Ceramic Partners, which currently owns a 99% stake in the company. CSFB wants to secure its influence over the firm if it fails to sell its whole stake at once, As a result, if it retains at least 20% of the shares after the debut, it is reserving itself the right to appoint two members of the supervisory board. "I believe the fund will have no problems with selling the shares. In the future the company might be taken over by a sector investor," said Zbigniew Bachman, president of the Industrial and Construction Chamber of Commerce (PIPHB). (Puls Biznesu, pp. 1, 5) M.M.