Hoop sets sights on take over and entry to WSE

Hoop, a mineral water and soft drinks producer, announced plans to enter the CTO over-the-counter market in February. "The procedure aiming at allowing the listing is in progress," said Robert Niczewski, an adviser to the Hoop supervisory board, adding the company is also considering entering the Warsaw Stock Exchange (WSE) this year. It appears that the only requirement the company has to meet before being listed on the WSE is to find an a ttractive company in the sector which it could take over. Last year Hoop had revenues of zl. 328.7 million and profits of zl. 23.9 million. This year it is aiming for revenues of zl. 400 million. Around $30 million is being set aside for an expected take over. (Puls Biznesu, p. 9; Rzeczpospolita, p. B7) A.K.