Zelmer presents its share offer to market investors

At the moment, the only owner of the firm is the Treasury Ministry. Some 15% of the shares should be taken over by the employees. The remaining 12.92 million shares will be offered to investors. Individual investors will be able to buy 2.52 million stock (20%), while institutional investors might take over as much as 7.6 million shares (61%). If there is demand, a stake of 2.5 million shares could be added, which would be divided between the two groups. In the privatization of Zelmer, the Treasury Ministry decided to introduce a new solution. In the stake earmarked for institutional investors a sub-tranch of 3.79 million shares, (24.9% of the capital), was secured for one investor. Deputy Treasury Minister Dariusz Witkowski disclosed that it would be taken over by a financial institution. (Parkiet, p. 3) A.F.