PPH Alsero seeks to grow via take over

Romuald Robaczewski, the owner of PPH Alsero, a leading exporter of beef, plans to greatly expand his business. In order to become independent of meat producers, Alsero has decided to take over the modern and well-located, but indebted Pozmeat company. So far, it has only managed to purchase a 15.5% stake in the ailing company and, "It is unknown whether creditors of the firm will accept settlement proposals," said Robaczewski. If there is no settlement, Alsero will most likely withdraw from the investment and would probably seek to take over another plant, or even construct its own. Robaczewski would only wait a few months to see whether the other parties accept his offer. Pozmeat has debts of zł.90 million and its management proposed remitting 40% of them and converting the remaining amount to shares, which would be purchased by a strategic investor. (Puls Biznesu, pp. 1, 8) M.M.