Dwory's WSE formula
The firm intends to spend about zł.450 million on investments over the next three years. About half of that money will be directed to the production of synthetic rubber. Dwory's second major investment will be the joint construction of an zł.80 million styrene plant in cooperation with oil concern PKN Orlen.
The company's CEO Zdzislaw Ingielewicz says Dwory is interested in acquisitions outside Poland. "Our aim is to make Dwory a medium-sized European company, generating about e500 million in revenues annually. Projects concerning possible takeovers will be presented to the company's new shareholders," he said.
The public offer will include a 76 percent stake in the company, now held by the Foksal, Jupiter and Magna Polonia national investment funds (NFIs) and the State Treasury. According to the DM BZ WBK brokerage, which is putting the shares on the market, 80 percent of the offer will be earmarked for institutional investors.
Dwory's largest shareholders include the Treasury with 25.05 percent, NFI Foksal (45.34 percent), NFI Jupiter (4.12 percent), and NFI Progress (2.03 percent), according to August data. (ISB, J.T.)
The company's CEO Zdzislaw Ingielewicz says Dwory is interested in acquisitions outside Poland. "Our aim is to make Dwory a medium-sized European company, generating about e500 million in revenues annually. Projects concerning possible takeovers will be presented to the company's new shareholders," he said.
The public offer will include a 76 percent stake in the company, now held by the Foksal, Jupiter and Magna Polonia national investment funds (NFIs) and the State Treasury. According to the DM BZ WBK brokerage, which is putting the shares on the market, 80 percent of the offer will be earmarked for institutional investors.
Dwory's largest shareholders include the Treasury with 25.05 percent, NFI Foksal (45.34 percent), NFI Jupiter (4.12 percent), and NFI Progress (2.03 percent), according to August data. (ISB, J.T.)
