New industrial giant likely to be quoted on WIG20

The new company, thanks to its capitalization (zl.2 billion) and large free float (zl.400-450 million), has a chance to enter the WIG20 index. The merger is the result of Impexmetal being taken over by Boryszew and its majority shareholder Roman Karkosik. The process has been carefully prepared by a team of experts. "The supervisory board believes that the merger is economically justified," said Krzysztof Sedzikowski, Boryszew's president. The aim of the move, according to Sedzikowski, is the creation of a strong industrial group with a centralized management. As a result, the group's structure will become simplified. The new entity will also enlarge its sales potential by providing a common offer for the construction sector. The name of the new corporation has not been disclosed yet. (Parkiet, p. 3) A.F.