Cersanit Makes Call for 100-Percent Stake in Opoczno. Check it out:
(Polish News Bulletin Via Thomson Dialog NewsEdge) Sanitary ceramics manufacturer Cersanit made a call for a 100-percent stake in sector company Opoczno. Transaction intermediary Bank BPH DM brokerage house announced that the share price has been established at ZL33.5. Interested parties will be able to subscribe for the sale of shares between 13 October and 21 December. The call was made on the condition that Cersanit obtains the approval of the head of the Office for Competition and Consumer Protection (UOKiK) for the takeover of Opoczno. Michal Solowow, one of Cersanit's major shareholders, first declared a willingness to acquire a stake in Opoczno held by Enterprise Investors back in 2005. In H1 of 2006 Cersanit group recorded a profit of ZL76.49m, as compared to ZL61.21m in the respective period of 2005. Year-on-year, its sales revenue increased from ZL283.62m to ZL359.32m. During the same period, Opoczno generated a consolidated net loss of ZL6.7m.
Copyright 2006 Polish News Bulletin of the British and American Embassies. Source : Financial Times Information Limited.