Restructuring at Kruk, but Enterprise Investors keeps its thoughts to itself

"We had to do it regardless of whether the company would acquire a sector investor or it would be floated on the bourse," said Piotr Krupa, owner of a 15.5% stake in the enterprise. A 72% stake in the company is held by Enterprise Investors (EI), which wants to cash in on the investment, but probably not in the short-term. "We are on a rapidly growing market. We estimate that within the next two years the value of acquired liabilities will be 2.5 times higher than now," says Krupa. EI did not comment on when it was planning to leave Kruk. The total equity of the enterprise stands at zł.27 million, while its stock is worth zł.14.5 million. The latter figure has increased over a dozen times and boosted investor confidence in the company. (Parkiet, p. 5) M.M.