Midven weighs acquisitions and share issue

Midven is eying the acquisition of three companies from Poland, Lithuania and Belarus. If it succeeds, the company will issue fresh stock and move from the NewConnect market to the WSE main market, said Andrzej Zając, CEO of the company. Zając revealed that one of the companies is undergoing the due diligence process. The decision on acquisitions is to be made by the end of the year. "Takeovers will only happen if the valuation of the firms match their real value," Zając added. Midven is a company operating in the segment of advisory services, technological solutions, as well as capital investments.