Swarzedz puts the breaks on talks with Mebelplast

In the middle of April the company announced that it has signed a strategic partnership agreement with Mebelplast, which has annual revenues of almost zl.100 million. Analysts also expected a capital tie between the two. "These kind of negotiations can drag on for years," said Swarzedz president, Wlodzimierz Ehrenhalt yesterday. He added that the negotiations concerning this issue will be resumed in the autumn. According to Swarzedz management, it is still to early to acquire an investor as the company hopes to raise around zl.15-16 million through a new share issue. The funds are to be earmarked for the development of the sales network. In Q1 Swarzedz generated a net profit of zl.1.35 million. (Puls Biznesu, p. 10) A.K.