Plans for Ziołopex to grow in to food holding before IPO

"We plan to float on the bourse. Money obtained from the share issue would be spent on acquisitions in the sectors of spices and dried fruit, as well as further development of our brands," said Jan Kolański, president of Ziołopex and stock-listed Jutrzenka. Owners of the firm, the Kolański family, intend to sell investors between 25%-49% of the holding's shares and collect up to zł.50 million from the IPO. Works on preparing the issue prospectus should commence in a few weeks, while the floatation should be expected by the beginning of 2006. "We will focus on the retail sector and thus we invest in new brands and products," said Kolański. Ziołopex intends to purchase a sector competitor and launch production of spices in Russia by the end of the year. (Puls Biznesu, pp. 1, 8) M.M.