TUP pulls out of forwarding and moves into capital investments

Over recent weeks it took over two enterprises in bad financial shape, in the clothing and logistics sectors. These companies will be restructured, broken up and sold to TUP shareholders. "We might float companies in this way. The value of TUP will drop by the value of these enterprise. However, in exchange our shareholders will receive stakes in these enterprises. We will thus be able to sell them on the bourse," explained Robert Moritz, president of TUP. The first such spin-off operation might be carried out in a few years. TUP will not invest large amounts of funds into acquiring the companies, but rather in restructuring them. "I believe that we will spend zł.10 million on the acquired enterprise by the end of next year," said Moritz. (Parkiet, p. 1) M.M.