Interferia issue gets started

Subscription for shares in Interferia, a travel company belonging to KGHM, opens Monday. The price per share will be zł.6, though it had been expected that the price would be about zł.8-10. Five million new shares will be issued and the company, whose profit is expected to reach zł.4 million this year, is expected to see a zł.30 million windfall from the issue. All money will be used for investment, mainly for expanding accommodation facilities and buying new ones on the coast and in the mountains. Since the profits from shares will not be as high as hoped, the company will need money from loans. The travel company's debut on the stock market is planned for 8 or 9 August. (Puls Biznesu, p.8) M.M.