Merger to create largest industrial group in Poland

"The team, which has been set up for assessing the results of this investments, has concluded its work. I cannot say anything more," said S³awomir Masiuk, president of Impexmetal. The merger should not cause too many problems, as Boryszew currently controls a 60% stake in Impexmetal, while 20% is held by Roman Karkosik who at the same time owns 45% of shares in Boryszew. So far, it is unknown how the transaction would be carried out and thus the division of votes in the new venture remains confidential. However, it is known that the result of the transaction will be the largest industrial group in the Polish market with a total value of z³.2 billion. The new entity will operate in sectors including chemicals, construction and color metals. (Puls Biznesu, pp.1, 8) M.M.