Five hopefuls ready to invest in Expander

"We have shortlisted five entities. They are presently carrying out due diligence. I believe the transaction should be closed by the end of the year," said Małgorzata Zbierada, president of Expander. The company is a national leader in financial intermediation and its American investor, GE Money, put a 49% stake in the company for sale. "We wanted to acquire as an investor, either a private equity fund, or a complementary company such as a foreign brokerage house, which will contribute know-how to our company. Such companies have been shortlisted," said Małgorzata Zbierada. She went on to say that the new investor should strengthen the market standing of Expander. While the firm is still the leading entity on the market its position is being challenged. In H1 the firm intermediated in taking loans worth zł.2.1 billion, while Leszek Czarnecki-owned Open Finance - zł.2 billion. The CEO also hopes that the investor will help Expander enter other markets of Central Europe. (Puls Biznesu, pp. 1, 8) M.M.