Impexmetal to forge ahead with purchase of Kety stake

Impexmetal to forge ahead with purchase of Kety stake Impexmetal S.A. may be close to closing a deal to acquire 16% of light metals producer Zaklady Metali Lekkich Kety in a deal worth zl. 180 million. The company, which has tried to take over Kety during its privatization some time ago, is rumored to be buying the Treasury Ministry 's stake. In addition, two investors, Polish Private Equity I and Polish Private Equity II plan to dispose of their shares in the firm. Together that would give Impexmetal control of 30% of Kety. Impexmetal would not discuss the deal but analysts say the latest moves on the market show smaller investors have been selling their stakes and that is a sign of one investor covertly concentrating shares. Kety's share price has fallen from zl. 70 to zl. 40 in the last three months. (Puls Biznesu, page 1,4)