Stocznia Gdynias zl.410 million issue funds acquisition
According to Marek Roman, a member of the management of shipyards Grupa
Stoczni Gdynia (GSG), the issue planned for the second half of this year
will exceed $100 million. Current group share capital stands at zl.210
million. Funds from the issue will be used for new acquisitions,
technological modernization, and ship-building. Roman announced that GSG
will buy Finnish Masa Yards from Norwegian-British Kvaerner, an
acquisition that will put the group in first place among European shipyard
holdings. GSG might also be interested in taking over Stocznia Polnocna
and buying a stake in engine-works producer HCP Cegielski. Before
acquisitions begin, however, restructuring of the group will take place,
with Stocznia Gdanska and Stocznia Gdynia becoming subsidiaries. (Puls
Biznesu, pp.1,9) M.K
