Merger gives Ster-Projekt a bright outlook for the year

The price of the company's shares increased by more than 10% over the last week. During the Friday session on the Warsaw Stock Exchange, the firm's standing grew by 6.9% to reach the level of zł.7.7 at the end of the day - its highest price in the last three months. Investors seem to believe Ster-Projekt's financial problems are over. The company's share price has increased by more than 25% since October 25 last year, when it reached its lowest level of zł.5.45. Growth of the price began to accelerate in mid December after investors learned of Ster-Projekt's merger with IT service provider ABG. The new entity will be named ABG Ster-Projekt. According to unofficial sources, the company's head will become Dariusz Brzeski, the president of ABG. The schedule for the merger has not yet been revealed. (Parkiet, p. 6) A.F.