Mostostal Zabrze ponders ways to secure controlling stake in PRI

NCC Polska, wants to sell its 47% stake in the Przedsiebiorstwo Robot Inzynieryjnych (PRI) road construction company. Mostostal Zabrze (MZ), which owns a 51% stake in PRI with Bank Gospodarki Zywnosciowej (BGZ), appears the most serious potential buyer. The only problem is that MZ needs to find capital to finance the deal. According to analysts, PRI has a strong market position. Mostostal is looking to repurchase an almost 20% stake in PRI from BGZ, so that it secures full strategic control over PRI. Mostostal could raise the capital from one of three sources: it could sell its new office building in Katowice, it could look for a bank loan (possibly even from BGZ). The third option would be to proceed with a new share issue. (Parkiet, p. 6; Prawo i Gospodarka, p. 5) M.T.