FIC Globe pressing hard to exit its investment in GTC

Recently, it appears as though the fund wants to quit the investment and is demanding that other shareholders purchase its stakes. "The management of GTC believes that purchasing the shares in subsidiaries in Hungary, Romania and Serbia will be a favorable move, but it should not be carried out at any price. Concluding the transaction is dependent on reaching an agreement concerning the reasonable valuation of these companies," said Mariusz Kozłowski, GTC management board member. The problem is that the value of the subsidiaries has significantly increased in recent months due to investments of these companies. (Parkiet, p. 1) M.M.