Multimedia Polska aims to raise zl.300 million in IPO

Emerging Ventures, the company's main shareholder with 91% of shares, will still keep a stake of at least 50% stake in the enterprise. "We plan to offer modern services to present and future clients. Organic growth is our priority, while digitalization of the network and consolidation are significant challenges, which require capital," said Andrzej Rogowski, president of Multimedia Polska. The company will designate zl.130-140 million to carry out its strategic objectives and acquisitions. "We are considering many transactions and are in talks with representatives of companies in Poland.This is a potential estimated at 140,000-150,000 clients," said the CEO. In his opinion the company will designate zl.60-70 million for investments in digital television, which will be launched in spring 2007. The remaining sum will be dedicated to pay off debts. (Puls Biznesu, pp. 1, 10) M.M.