Rafako looks to take over sector company the size of Alstom
"We want to take over a profitable company with sales of at least EUR 100 million. We want a company with elimination technology so-called NoX and gasification of coal. Following the acquisition we have chances of constructing such installations in Europe and as of 2007 in Poland," said Mariusz Różacki, president of Rafako. The firm intends to raise some funds for the acquisitions from a share issue, "I know Rafako's plans and I believe that - taking into account already signed contracts and following the acquisitions - a regional giant will be created with really large revenues and profits. I fully back the share issue of Rafako," said Piotr Nurowski, president of Elektrim, which owns an almost 50% stake in the boiler producer. He went on to say that his company would purchase new shares once the situation of Elektrim clears. (Parkiet, p. 3) M.M.