Unimil considers take over of German condom giant after new share issue

Friday's Unimil shareholders' meeting decided to increase the company's capital by means of a new share issue. "We will submit our prospectus to the Securities and Stock Exchange Commission (KPWiG) next week," said company president Grzegorz Winogradski. The condom producer plans to issue new shares by the end of the month after publishing details in a prospectus around September 20th. Unimil is simultaneously in talks with financial investors interested in buying the shares. "Investment funds are greatly interested in our offer. We won't have problems with demand," said Winogradski. The new 1.7-2 million shares will bring an additional zł.100 million to the company that it will probably use to take over its main shareholder and its German competitor Condomi. The issue will positively influence Unimil's liquidity as it will triple the company's capital. (Parkiet, p. 3) D.W.