Russia's Bonita still interested in Energomontaz-Polnoc

The Russian subsidiary of Bonita Holding is reiterating its interest in the purchase of new stock in Warsaw-based construction group Energomontaz- Polnoc, despite the postponement, till late April, of a planned secondary offering. If Bonita decides to buy the whole issue - 1 million shares at zl. 10 a piece - then its stake in Energomontaz would rise from the current 14.3%, purchased for zl. 6.2 million several weeks ago, to 30.3%. "Bonita, as a shareholder, allows us to expand our activities into the Russian market," said Energomontaz CEO Wieslaw Mariusz Rozacki, adding that his company is currently working on several power industry projects and hopes to co-operate with Russian firms building the Yamal Pipeline across Poland. "The Russian market is worth a couple of hundred million dollars to us," said Rozacki. (Parkiet, p. 3) A.K.