Eldorado appears to have no shortage of ways to grow and expand

Despite earlier announcements Eldorado, a stocklisted wholesaler, is not planning to issue bonds in order to finance sector takeovers. "We have decided that potential acquisitions can be financed with bank loans, which we can easily get," said Artur Kawa, president of the company and one of its major shareholders. However, he added that rapid decisions regarding consolidation should not be expected soon, despite the fact that these were announced in its issue prospectus back in early 2002. "We are in negotiations with retail companies and distributors," claims Kawa. Eldorado owns a network of 19 wholesale stores, 27 Stokrotka supermarkets and 227 Groszek corner stores. "Eldorado may successfully develop on its own, as it has a lot of room to expand. It does not need to make acquisitions," said Marcin Materna from DM Millennium. After the first half of 2003, the company had profits of zł. 3.3 million on revenues of zł. 343 million. (Puls Biznesu, p. 10) M.M.