Hitachi Capital Polska extends bid for PCM shares

Hitachi Capital Polska prolonged its tender for shares in WSE-listed car fleet manager PCM to February 22 from February 18.

Hitachi plans to buy 11.9 mln shares representing 100 percent stake at PLN 12.09 apiece, the tender will go through if at least 66 percent of the stake will be purchased.

This is not the only tender for PSM. PKO Leasing is offering PLN 11.38 apiece with the subscriptions running through February 18.

At end of the trading day on Monday, PCM shares were valued at PLN 15.4