ERA GSM distributor Eurotel plans a Q3 bourse launch

"Instead of taking over companies, we want to purchase outlets in the best locations. We have a well developed network in the north of the country. We are already conducting talks with one of the partners," said Krzysztof Płachta, president of Eurotel. Currently, the company operates via a network of 50 outlets, but the figure would eventually increase to 200 outlets. "New shareholders will take a 36% stake of the equity. The company will regularly pay out dividends amounting to 20-30% of net profit," estimates Krzysztof Płachta. Last year the company posted a net profit of zł.1.4 million on revenues of zł.40 million. (Puls Biznesu, p. 12) M.M.