Rubicon Partners ends investment activity

Rubicon Partners, a Polish consulting and investing company, decided to withdraw from its investing activities, Puls Biznesu reports. "Till the end of the year we want to sell our shares and instruments, the value of which is estimated at about PLN 35 million. There are numerous reasons for this decision," says Grzegorz Golec from the management board of Rubicon Partners. "Firstly, Rubicon's investing activity was mostly financed by debt, which had a high interest. This factor negatively affected the results. The return was too small to cover the debt, which in 2012 went over PLN 90 million. Today it is only PLN 17 million high and we hope that we can finally pay it off.". The abandoning of the investing policy can help Rubicon break even, but probably in the next year. This year's result is with high probability predicted to be a loss.