Leasing company EFL plans merger with Carcade Invest

According to unofficial sources, the merger of two leasing companies, Europejski Fundusz Leasingowy (EFL) and Carcade Invest, which have respectively 11-12% and 3-4% of the Polish market, will be made public today. " An eventual merger of Carcade with some good partner would be profitable, since it would allow us to have better access to acquiring capital," said the financial manager of Carcade Invest, Miroslaw Oltarzewski. EFL is considered to be one of the biggest leasing companies in Poland; it ranked first on the list of the Confederation of Leasing Companies (KPL). The company has already leased assets amounting to zl. 1.35 billion. Carcade, which was ranked seventh, has already leased assets totaling zl.400 million. Both companies specialize in transportation. According to specialists, consolidation of the so called independent partnerships can improve their distribution network and marketing, allowing them to defend themselves more efficiently from taxation. (Puls Biznesu, page 1, 8)