Ruch IPO still fires leading investor's interests

"I want to buy the maximum amount of shares in Ruch sold in the public offering. I am capable of financing this by myself, although I will take part in the privatization only if the state will sell a majority stake on the capital market," said Jakubas. According to Ruch's new president Adam Pawlowicz, the IPO is to take place in Q4. "We will begin works on the prospectus in July. We are currently closing last year's financial statement and we are working on the restructuring program," Pawlowicz added. Ruch's market share of the press distribution sector in 2005 amounted to 44%, while its main competitor, Kolporter controlled 42% of the market. (Puls Biznesu, pp. 1, 8) A.K.