Inter-Groclin majority shareholder seeks zł.100 a share in planned sale

Zbigniew Drzymała, the majority shareholder of Inter-Groclin, a publicly listed company specializing in the production of car interiors, announced he is ready to sell a part of his stake. "I do not intend to go below 50% of voting rights," says Drzymała who currently controls over 64%. A couple of months ago the company announced it was willing to extend its shareholder structure and seeks new financial investors. This plan can only be executed when the founder of the company does not control such a huge stake, and the investors will have actual influence over managerial decisions. "Quotations around zł. 80 per share are not satisfactory enough. If I decide to sell my shares, it will not be less than zł. 100 a share," announced Drzymała. A couple of days ago Inter-Groclin confirmed its financial prognosis for 2003 with profits between zł. 31-32 million, with revenues of zł. 470 million. (Puls Biznesu, p. 8) AK