Independent Eurofaktor looks for an investor to boost capital and client base

Myslowice-based Eurofaktor, which is the only important factoring company on the market not tied to any bank, is conducting talks with potential investors about entering the company and raising its capital by zl. 30 million. This in turn would allow increasing share capital to zl. 60 million and to service more customers. Two banks are among the potential investors. The company has recently increased its capital from zl. 4.9 million to zl. 20 million. Moreover, it has signed a letter of intent with an unnamed company to raise its capital by a further zl. 10 million. "If everything goes well, then our share capital will amount to zl. 30 million by the end of November," said Eurofaktor managing director Kazimierz Abrahamczyk. He has commented that the company is not intending to change its strategy and still services sectors considered to be high risk like mining and the steel industries. (Puls Biznesu, p. 9) M.M.