Norbert Dentressangle wants to buy Pekaes

The biggest Polish forwarding company Pekaes is looking for new investors as it wants to debut on the Warsaw Stock Exchange. A couple of weeks ago Pekaes' shareholders meeting decided on a new share offer, thanks to which the company is likely to collect about zł.100 million. The money would be spent on a new fleet and entering the rail transport market. Pekaes would like Donbas, a Ukrainian steel plant which is fighting to buy Huta Częstochowa, to invest in the company. However, Donbas is unlikely to invest, and they would prefer to help Pekaes find contacts with Ukrainian transport companies. Fortunately, Pekaes seems to have other options as the Treasury Ministry received an offer from France's biggest carrier Norbert Dentressangle to buy the ministry's share of Pekaes' stock. The problem is that while the government owns over 50% of the stock it is only willing to sell a 20% stake. (Puls Biznesu, p. 12) D.W.