Polnord-Energobudowa to sell shares by year's end

"We have already found financial institutions that are interested," said Andrzej Ubertowski, the chairman of the supervisory board. The shares will most likely be offered to several different investors. Taking into account the price of the shares listed on the Warsaw Stock Exchange, the company hopes to raise around zł. 7 million. "We are also considering a new share issue, although we will probably not have enough time to conduct it this year," adds Ubertowski who did not reveal any more details. The new issue will be targeted at financial investors, as company representatives ensure that they do not need a strategic investor. This year, the company plans to concentrate on restructuring following the merger late last year. "This means we might record a fall in financial results," explains Ubertowski. (Parkiet, p. 3; Puls Biznesu, p. 15) A.K.