Eurotel's IPO now just days away

Subscription for shares will start on December 19. The company will issue 1.4 million shares, whose price will be about zl.11-14 per unit, which means that the enterprise will earn about zl.15-19 million from the issue. Following this, the concern plans to engage in acquisitions. First of all Eurotel wants to take over a company that has, like Eurotel, about 50 branches. The acquisition has been evaluated at zl.7.2 million. Eurotel wants by the end of 2007 to have 150-200 branches. Thanks to this first takeover the company will double the number of its outlets and consequently will have better financial results. The concern expects to increase its sales in 2006 by 28% to zl.47.5 million and to increase its profit by 53% to zl.2.14 million. Eurotel's debut on the stock exchange is planned for December 29. (Puls Biznesu p. 16) M.M.