Kruszwica to merge with Olvit, Olvit Pro and Ewico

The result will be a company posting a turnover of zl.1.5billion a year. According to the recently signed merger schedule, the companies will finally join by the end of this year after a number of formalities have been dealt with. The three companies will contribute their assets to Kruszwica in return for 9.4million shares from a new issue, thus raising Kruszwica's capitalization from zl.96.8million to zl.167.1million. In order to achieve a leading position on the market, each of Kruszwica's factories will specialize in the production of one kind of plant oil. (Puls Biznesu, p.13) J.L.