Jarocinskie Fabryki Mebli searching for new investor
National Investment Fund (NFI) No. 6 Magna Polonia, which owns 48%
shares of Jarocinskie Fabryki Mebli (JFM), is looking for a new investor
for the furniture producer. The Fund is negotiating with a few potential
strategic partners, but no decision has been made so far. According to
Piotr Oskroba from AIB WSBK Fund Management, the company that is
responsible for the management of NFI No. 6 Magna Polonia, the transaction
should be finalized by early 2001. Zbigniew Mendel, the president of JFM,
says the company is looking for an investor that can provide know-how and
capital for future investments. The company plans to buy a new production
line for zl. 5 million this year. Last year JFM recorded zl. 8.2 million
in losses. (Puls Biznesu, page 11)
