ZM Duda and Comarch extend shareholding in NetBrokers

ZM Duda, a leading meat processor, and Comarch, a top software producer and system integrator, have together acquired an almost 100% stake in NetBrokers, an internet-based B2B marketplace for agricultural products and foodstuffs. The aim of the purchase is to increase the exports of ZM Duda and decrease the costs of obtaining its animal feed. ZM Duda increased its stake in NetBrokers from 20% to 58.2% for zl. 387,000, while Comarch bought 7% more shares, taking its holding up to 37.2%. The positive financial results of NetBrokers were an added motivation for the investors to increase their stake. NetBrokers managed to raise its turnover from zl. 750,000 to zl. 3.9 million last year, with net profits of over zl. 160,000. This year it hopes to see revenues of zl. 10 million. (Rzeczpospolita, p. B3) A.K.