Lentex group hopes to engineer record turnover after stock remit call
"Last year was designated for tidying up the group, such as outsourcing and sale of assets. We now prepared a new development strategy," said Tomasz Towpik, president of Lentex. Value of 2005 acquisitions is estimated at EUR 30-45 million, part of which will be covered by debts. "We virtually have no long-term loans. We only use working capital loan amounting up to a dozen million złoty. We will finance investments to the degree up to which it will be possible," assured Towpik. However, the company might also issue some new shares in the future, but now it plans to remit part of its stock in order to decrease free float in order to boost their value. (Parkiet, p. 5) M.M.