PBG tipped to win EUR 56 million tender in Norway

"The transaction will be concluded if we manage to sign a contract in Norway," declared PBG president Jerzy Wiśniewski. The Polish company is part of a consortium hoping to win a tender worth EUR 56 million in Norway and rumor has it that its chances are good. The company also wants to finalize the takeover of Hydrobudowa Śląsk. It has already acquired over 1.69 million new shares in Hydrobudowa for which it paid slightly over zł.48 million, which gives it 65.8% of votes at the general shareholders meeting. PBG plans to announce a call for shares in order to achieve 66% of the votes. The PBG group intends to increase its revenues by 70% this year to zł.700 million and to increase its profit by 30% to zł.47 million. (Puls Biznesu, p. 12; Parkiet, p. 6)