Warsaw (Puls Biznesu) - It is a tasty morsel, so many investors would like to see Mostostal in their own groups.
According to PB's sources some listed companiesare are already queuing up to take over Mostostal, including JW Construction, the biggest development company in Warsaw.
Another enterprise is the BB Investment group that was said to be interested in Mostostal early this year. Among other names being mentioned is also Energomontaz-Poludnie.
In the opinion of Dariusz Nawrot, the BPH analyst, cooperation with an investor would help Mostostal, which has been focused on the Russian market, to use its potential in Poland.
According to Włodzimierz Giller from Deutche Bank companies not likely to be interested in Mostostal are Budimex and PBG. Krzysztof Radojewski from DI DRE Bank is of the same opinion and adds Erbud to the list. The analysts agree that at the moment JW Construction seems to be a sure bet.
Although our sources argue that Pol-Aqua is among the interested, the company strongly denies. Neither Dom Development, the second leading developer, will not be taking part in the race.
The key issue is, of course, the price. As the constuction market is booming it might be quite high, even though the company is not listed.
"Mostostal's value is estimated on the basis of its potential which has not been fully used yet", says Dariusz Nawrot.
At the moment the biggest shareholders are Skipietrow (7.48 per cent) and Niels Bonn (9.30 per cent). However, as the other shares are spread, issuing new shares seems to be the most likely way of transaction.