Zelmer begins to slow down the sales of its dependent entities

A few other entities will most probably leave the Rzeszów based group later this year. The next two in the line are Zelmer Zakład Remontowy, in which Zelmer has a stake of 64.3%, and Zelmer Zakład Narzędziowy (51%). Both entities provide services for the mother company. "We will most probably sell our stakes in those firms to other shareholders," said Maciej Olszak from Zelmer's investors' relations office. The reason for withdrawing from the companies is that their financial results do not even break even. It is still uncertain whether Zelmer would also withdraw from EKO-TOP, a recycling company. Although Zelmer wanted to sell its shares in the entity, it is now having second thoughts, as new regulations demand that producers of white goods and electronic equipment have their own entities responsible for recycling production wastes. (Parkiet, April 2-3, p. 5) A.F.