Unimil's strategic investor sees rising prospects for condom manufacturer

German company Condomi AG, the strategic investor in condom manufacturer Unimil, will soon announce a public tender offer for the Polish company's shares, priced above the company's listing on the Warsaw Stock Exchange (WSE). After visiting Unimil, Condomi president Volker de l'Homme de Courbiere said, "Unimil is a healthy and well managed company. It is now important to maintain its brand and market position." Condomi owns more than 20% of shares in Unimil translating into 48.5% of shareholder votes. The strategic investor wants to increase Unimil's annual production from 100 million condoms to 150 million and increase its domestic market share from 60% to 80%. Condomi also intends to create a $2.5 million subsidiary in Kenya, which would sell condoms manufactured in Germany and Poland. According to de Courbiere, after the recent takeover of Unimil, Condomi is the largest condom manufacturer in Europe. (Gazeta Wyborcza, page 30) T.J.