Property sale and leasing deal will bring Optimus much-needed funds

In an arrangement designed to raise much-needed capital Optimus, the Nowy Sacz-based computer company, is rumored to be planning the sale of its land and buildings, which it would immediately lease back. The leasing company involved in the deal is believed to be LHI Leasing, although the German company has neither confirmed nor denied the rumors. The property, estimated to have had a value of $50 million a year ago, is now said to be worth $40 million at the most. Optimus is likely to go ahead with the deal, since it desperately needs funds for its restructuring, as well as for the repurchase of $11 million worth of property in Warsaw that it sold to improve its financial results. Optimus also needs funding for the planned launch of an IT venture capital fund. (Puls Biznesu, p.3) M.K.