Rolimpex-PPH merger will be off the ground in a few days

"We are at the end of the merger process. We are waiting for the registration of the general shareholders' meeting's resolutions. We expect a decision within the coming days," said Rolimpex president Andrzej Budziński. PPH currently owns a 61% stake in Rolimpex. The equity of the combined company, Provimi-Rolimpex, will amount to zł.94 million as compared to the zł.40 million equity of Rolimpex. Provimi will control 77.7% of the shares. After the merger Rolimpex will become a leader of the domestic animal-feed market with a 30% share in the market. The merger is to bring significant synergy effects and a lowering of costs, which will be visible after two or three years. (Parkiet, p. 4) E.B.