Energomontaż spring cleans its assets prior to getting down to business

For this reason the company sold one of its office buildings to Gloria Corporation and Sices Polska, Energomontaż's main shareholders. The value of the transaction was zł.10.1 million. As a result, Energomontaż's standing on the Warsaw Stock Exchange (WSE) increased by 5.8% to zł.11 per share. The sale will have a positive influence on the firm's financial results. According to unofficial information, the company will earn zł.3 million from the deal. In the near future the firm is going to sell other office buildings as well as plots of land. Energomontaż's new strategy envisages closer cooperation with its main shareholders. "We are planning to create a capital group, which would be active in many countries and would become an important player not only in Poland, but also in Europe. We want to achieve this through the inner development of the firm as well as through acquisitions," said Alberto Ribolla, Energomontaż's president. (Parkiet, p. 3) A.F.