Stalexport's latest acquisition target may lead it to a dead end

The acquisition will not be easy due to the fact that the deal will probably attract a lot of interest, even from companies outside the sector, as CG owns 17 hectare of attractive plots of land in the center of Katowice and the neighbouring exit roads from the city. "Stalexport operates according to a strange logic. It previously invested in steel mills, but later turned to focus on trade. Now it intends to take over a company with a similar profile to its own. If their activities turn out to be the same, than it will be a nonsense," said Jacek Obrocki from BDM. Stalexport plans to finance the potential transaction from a share issue worth zł.50 million scheduled to be carried out in the first half of 2005. (Puls Biznesu, pp. 1, 8) M.M.