Recordati eyes up Polfa Kutno stock with a view to a takeover

Offering zł.287 per share, the Italian firm has already asked the Securities and Stock Exchange Commission for permission to make a takeover bid. Walter Bevilacqua, Recordati's deputy president, revealed that over the short term, that is within the next three years, his company neither intends to increase its stake in Polfa nor withdraw the company from the stock exchange. The success of Recordati's bid depends on financial investors who hold a dominant position within Polfa's shareholder structure but who have not yet made any decisions regarding the offer. (Parkiet p.2, Puls Biznesu p.13) E.B.