Kopex prepares zł.300 million IPO

"Kopex has prepared a share issue worth zł.300 million." said Leszek Jędrzejewski, a member of supervisory board and one of the owners of Zabrzańskie Zaklady Mechaniczne (ZZM), which controls over 65% of Kopex. The company is preparing its issue prospectus and expects that by the end of August its financial statements will be approved and that it will be allowed to increase its capital. The company is planning to issue B and C series shares, the first ones will be directed to ZZM and the latter to other stock market investors. The money gained from share issue will be spent on acquisition and investments. Kopex had a 2005 net profit of zł.19.5 million on revenues of zł.586 million.(Puls Biznesu, p. 9) M.M.