Strzelec shares shoot up on hints of fresh cash
Enterprise Investors signed a "letter of understanding" to take an equity stake in Strzelec at the end of April, but it was too early to tell what, if any, type of equity purchase would be involved, according to the venture capital firm.
"They've got to work out some details first, then we can decide whether to go forward," said Darek Pronczuk, vice president of Enterprise Investors. Adam Brodowski, Strzelec's president, refused to comment on the agreement with Enterprise Investors or his company's development plans.
The hint of fresh capital flowing into the regional brewer shot share prices up 20%, to zl. 3.05 a share, two days after signing the agreement. Since then the shares have fallen back slightly and hovered around zl. 2.80 per share, about 10% above the pre-signing price of zl. 2.55.
"Strzelec has some very interesting plans," Pronczuk said, including possibly buying either the Rybnik or Zabrze brewers from Browar Gornoslaski. "Strzelec has good management, is reasonable and open minded," he said.
But thumbs up doesn't mean a done deal. "This is a very loose letter we have," Pronczuk said. "There is no time frame. We sign 20 of these letters a month, and the hit rate is about 10%."
POZNAN - A consortium led by consulting firm Doradztwo Gospodarcze (DGA) finished at the head of the pack of consultants vying for a Treasury Ministry contract to advise on energy sector privatization, according to DGA.
The consortium was chosen from a short-list that included PricewaterhouseCoopers, Central Europe Trust, lodz Management Group, and a consortium of Energorozwoj, Polish Capital Fund and Wil Consulting, said Rafal Oleszkiewicz, senior consultant at DGA.
Oleszkiewicz would not reveal the value of the contract, but said his group was responsible for financial analysis of the sector and recommendations on privatization strategies. DGA must deliver its report to the ministry by July. It will not advise on specific privatizations, Oleszkiewicz said.
DGA's partners in the winning bid include Hagler Bailly and Booze Allen Hamilton, U.S.-based consulting companies; Energy Market Agency, a state-owned group responsible for collecting statistics on the energy market; Energoprojekt Katowice, an engineering company; and Bonus, a Poznan-based law firm.
WROClAW - Helge Braun last month set up Eyecom Technology Poland to distribute Eyecom's video products, including video conferencing equipment, in Poland.
"Video conferencing is still in its infancy in Poland, we have to develop from scratch, there is no real market yet," Braun said.
One catch in the sales operation is the $20,000 minimum price tag. "This is not expensive at all if you consider what you save in the costs of communication, wasted time traveling or even costs in terms of human life," Braun said.
"They've got to work out some details first, then we can decide whether to go forward," said Darek Pronczuk, vice president of Enterprise Investors. Adam Brodowski, Strzelec's president, refused to comment on the agreement with Enterprise Investors or his company's development plans.
The hint of fresh capital flowing into the regional brewer shot share prices up 20%, to zl. 3.05 a share, two days after signing the agreement. Since then the shares have fallen back slightly and hovered around zl. 2.80 per share, about 10% above the pre-signing price of zl. 2.55.
"Strzelec has some very interesting plans," Pronczuk said, including possibly buying either the Rybnik or Zabrze brewers from Browar Gornoslaski. "Strzelec has good management, is reasonable and open minded," he said.
But thumbs up doesn't mean a done deal. "This is a very loose letter we have," Pronczuk said. "There is no time frame. We sign 20 of these letters a month, and the hit rate is about 10%."
POZNAN - A consortium led by consulting firm Doradztwo Gospodarcze (DGA) finished at the head of the pack of consultants vying for a Treasury Ministry contract to advise on energy sector privatization, according to DGA.
The consortium was chosen from a short-list that included PricewaterhouseCoopers, Central Europe Trust, lodz Management Group, and a consortium of Energorozwoj, Polish Capital Fund and Wil Consulting, said Rafal Oleszkiewicz, senior consultant at DGA.
Oleszkiewicz would not reveal the value of the contract, but said his group was responsible for financial analysis of the sector and recommendations on privatization strategies. DGA must deliver its report to the ministry by July. It will not advise on specific privatizations, Oleszkiewicz said.
DGA's partners in the winning bid include Hagler Bailly and Booze Allen Hamilton, U.S.-based consulting companies; Energy Market Agency, a state-owned group responsible for collecting statistics on the energy market; Energoprojekt Katowice, an engineering company; and Bonus, a Poznan-based law firm.
WROClAW - Helge Braun last month set up Eyecom Technology Poland to distribute Eyecom's video products, including video conferencing equipment, in Poland.
"Video conferencing is still in its infancy in Poland, we have to develop from scratch, there is no real market yet," Braun said.
One catch in the sales operation is the $20,000 minimum price tag. "This is not expensive at all if you consider what you save in the costs of communication, wasted time traveling or even costs in terms of human life," Braun said.
