Full speed ahead for Farmur's IPO

The general meeting of shareholders voted not to change the resolution made at the beginning of the year. The main shareholders of Famur are Polaris Chłodnie Śląskie (holding a near 33% stake), Chemia-Wrocław (31.7%), Lodus (22.4%) and a private investor (9.3%). According to the recent announcement, the public offer was to be made in Q1 2006. However, it was delayed by the acquisition of Pioma in December 2005. The issue prospectus was amended at that time and the new version is now awaiting acceptance by the Polish Securities and Stock Exchange Commission (KPWiG). In 2005 the revenues of Famur's capital group amounted to about zł.650 million. Famur refrains from revealing its net profit as it claims it does not want to reveal its results to its competitors. The latest known results are those from H1 2005, when the group earned zł.26.5 million. In 2004 the company posted a net profit of zł.39.8 million on revenues of zł.131.3 million. (Parkiet, p. 8) M.K.