Eldorado and BOS join forces in take-over deal

The combined revenues of the enterprises topped zł.3.81 billion, out of which only zł.1.28 billion was produced by Eldorado. Thanks to the merger the market will observe the creation of the eighth largest commercial company in the country. "The companies have the potential to improve their results. We already signed a letter of intent, now the due diligence process will commence," said Artur Kawa, president and one of the main shareholders in Eldorado. The transaction will be carried out via issuing shares for a few dozen shareholders in BOS. Eldorado has already announced further take-overs and most likely these will concern the western part of Poland. "The operational merger will take over one year. We are already looking for new opportunities beyond the borders of Poland," said Eldorado president. (Puls Biznesu, p. 12) M.M.