Grupa Kęty plans M&A in several sectors

WSE-listed metal company Grupa Kęty is interested in potential acquisitions in several segments, including extruded products or aluminum systems, company said in its strategy update. In extruded products, Kęty is interested in firms with annual revenues of up to €50 million and €20 million in aluminum systems. Company doesn't also exclude entering new segments and plans to spin off its extruded products segments. The group also recommends 80 percent dividend payout for 2016 (estimated at PLN 275 million) and plans 60-100 percent payouts till 2020.