Getin hopes massive new share issue will solve its problems

E-commerce solutions provider Getin Service Provider is planning a new 54 million share issue. A final decision is expected after the company's general shareholders' meeting scheduled 16 April. Getin's current equity is 16 million shares. The firm is considering extending its services to financial intermediation, insurance and the purchase of a leasing company and a bank in Russia. Getin's plans come as no surprise, as it has expressed its desire to change its profile for some time. The company is seeking an investor to finance its activities. Getin manages an e-business transaction platform and addresses its services at SMEs. Its main shareholder is Leszek Czarnecki, the founding father if Europejski Fundusz Leasingowy, whose stake in Getin is 66.28%. (www.onet.pl) J.K.