In Brief: Hoop to buy Megapak; Forte; ADD refute media reports; Śnieżka

By the end of December, soft drinks producer Hoop is to acquire 50% of shares in Russia's Megapak, the third largest in terms of sales, water, non-alcoholic and alcoholic beverage producer. The value of the transaction is $15 million. Megapak's annual turnover reaches $100 million. (Rzeczpospolita, p. B7) ... Furniture producer Forte plans to spend EUR 10 million on constructing a new plant based in Russia. Company representatives announced that annual revenues from the factory are expected to amount to at least $20 million. (Rezczpospolita, p. B7) ... The management of ADD, producer of sportswear and equipment under the brand name Alpinus, announced that it is not in any talks concerning the sale of its brand name, as reported by the media yesterday. The company, which is going through a restructuring process, is negotiating a debt restructuring scheme with its creditors, which would encompass 50% of its liabilities. (Rzeczpospolita, p. B7) ... Leading paint producer Śnieżka launched book building before its debut on the Warsaw Stock Exchange. Institutional investors may apply for 2.1 million shares, offering a price between zł 21-26 per share. This stage of its public offer will last until Friday. (Gazeta Wyborcza, p. 7) A.K.