Softbank substantially slims down its share issue and announces take overs

This will give the company sufficient capital to purchase Koma and Incenti from the Prokom group, a 7.5% stake in Comp Rzeszów and a small IT company owned by Pekao. Details of the planned acquisitions will be revealed during Wednesday press conference. According to Parkiet, the planned acquisitions are part of Prokom's moves to tidy up its group, as the Gdynia-based IT integrator is slimming its structure by disposing or merging its subsidiaries. In the end the firm will become a central unit of a holding grouping entities responsible for different sectors. The acquisitions should have a substantial positive influence on Softbank's consolidated results. Expansion of Softbank's capital group will also have a positive effect on Prokom, as a lower number of companies under direct supervision will limit management costs. At the same time, the Gdynia-based company will increase its stake in Softbank, which will boost its consolidated results. (Parkiet, p. 1) M.M.