NFI Victoria fund plans to sell stake in Ergis to company management

The NFI Victoria investment fund, which owns a 33% stake in one of the largest Polish plastics producers, Ergis, signed an initial contract to sell the stake to company management. Representatives of the investment fund say they have already sold 2.3 million shares to Ergis employees for zl.5.10 a share. The deal now has to be approved by the Office for Competition and Consumer Protection (UOKiK). "We want to acquire all available shares, including those owned by the State Treasury," said Tadeusz Nowicki, Ergis president. The State Treasury holds 22.2% of company shares. Following around zl.40 million worth of various investments, the management is p lanning to restructure Ergis. "We plan to increase production and prof itability," said Nowicki. (Puls Biznesu, p. 6) A.K.