Sanitas puts out call for Jelfa and hopes to get the lot

"We offer zł.87.1 per share. The price will be the same for everyone," declared Sanitas director general Saulius Jurgelenas. Sanitas will announce a call for at least 66% of Jelfa shares. "If we receive a positive response from the market, the company may announce a call for 100% shares," stated Dariusz Budzeń, the deputy president of Pekao Access that provides advisory services for the Lithuanians. "We will acquire 40% of funds necessary for the purchase of Jelfa from our public issue, while 60% will come from loans," revealed Saulius Jurgelenas. The takeover of Jelfa is a part of Sanitas strategy which assumes growth through acquisitions. "We do not have our own research department. Acquisitions are the way to widen our product offer," added Jurgelenas. Sanitas is also considering floating its shares on the Warsaw bourse. (Puls Biznesu, pp. 1, 13) E.B.