Polfa to disappear from the WSE as Ivax makes its debut

It will be the third foreign company to be listed on the bourse. The shares to be traded will belong to investors who recently were shareholders in the publicly owned Polfa Kutno. This is because Ivax called for the purchase of 100% of Polfa's capital, paying in return with its own shares. The call turned out to be a success, with Ivax gaining control of 90% of Polfa's stock. The shares in Polfa Kutno are to disappear from the floor in the first quarter of next year. However, the question remains whether the investment in Ivax will be profitable, as several analysts have doubts whether the investors who exchanged their shares into the American company will not withdraw soon. (Puls Biznesu, p. 4) A.K.