French kiss for DFQS

French firm LaSer, which has been present in Poland for the last seven years and is owned jointly by Galeries Lafayette Group and BNP Paribas Group (BNPP), has bought 100 percent of shares in Dom Finansowy QS (DFQS) from Innova Capital and private individuals. The Polish company is a leading credit broker, whose market share is estimated at some five percent. The new owner will maintain the broker's market independence.

The transaction is an example of LaSer's European strategy aimed at increasing its foothold in the brokerage market. The group already cooperates with French and English brokers and has recently acquired a similar company in Northern Ireland.

For the last 30 years LaSer has been enjoying double-digit growth year after year. Now we are expecting strong growth in DFQS," says Stephen Guglieri, country manager of LaSer.

LaSer plans further investments in DFQS, but currently is working on a common strategy. According to Krzysztof Koronkiewicz, president of DFQS, the company is achieving its financial prognosis, which foresees two-digit growth in profits by the end of the year.