MAC Edukacja to consolidate market without WSiP

Kielce-based educational books publisher MAC Edukacja, which recently lost the race for exclusive negotiations rights in the privatization of the biggest state-owned publisher WSiP, has decided to try and consolidate the market on its own. The company will finance new takeovers from its own capital and funds obtained from Enterprise Investors and Innova Capital. "MAC has the chance of becoming as big as WSiP. At the beginning, we will create a capital group which afterwards will be transformed into one company publishing books for all levels of education, including those for university students," said Adam Cyranski from MAC Edukacja. The company plans to spend tens of millions zloty on sector takeovers. "If the consolidation plan is successful, then MAC will enter the WSE. I estimate the value of the flotation will be worth around zl. 200 million," added Cyranski. Despite the fact that the biggest market players agree that in a few years only three or four players will remain important on the domestic market, most of them will do everything to remain independent. "Consolidation is inevitable, but it nevertheless will be a difficult process. Most of the companies are family owned and they do not want to change owners," said the president of WS PWN Ewa Bluszcz. (Parkiet, p. 3; Puls Biznesu, pp. 1, 10) M.M.