Opoczno's IPO estimated at zł.2 billion, but is not without its problems

Current investors, namely Credit Suisse First Boston and Enterprise Investors who control a 99% stake in the firm, are planning to recollect their investments of $100 million and also make an additional profit. "CSFB announced it will dispose of the shares. We made a decision about selling the shares in the floatation," said Zbigniew Prokopowicz, head of the Opoczno supervisory board. Ryszard Wojtkowski, deputy head of the supervisory board, went on to say that the value of the IPO is estimated at zł.2 billion. Roughly 40% of the shares would be directed at domestic investors, while the remainder at foreign ones. The firm plans acquisitions abroad once its foreign sales increase to 30% of sales - currently the figure stands at 20%. (Puls Biznesu, pp. 1, 8) M.M.