Kęty to buy HAK in prelude to further metals acquisitions

The WSE-listed Kęty may devote up to zł.400 million to this goal and hopes to complete the operation before the end of the year. In the opinion of analysts, the deal would prove profitable to both sides. Kęty's management has also revealed it is considering other takeovers in the sector. Indeed, according to unofficial information, the company is particularly interested in buying an unspecified domestic producer of aluminum packagings, an aluminum mill and other enterprises in Central Europe. Last year, Kęty posted a net profit of zł.70 million on revenues of zł.740 million. It is believed that after its takeover of HAK, this year's sales are likely to reach zł.1.4 billion. (Puls Biznesu, pp. 1, 11) M.K.