Warsaw (Puls Biznesu) – Yesterday, investors fought to buy the stock of Energopol. Today, JW Construction was to say at a press conference that it is acquiring the listed company.
JW Construction, the biggest homebuilder in Warsaw, had said before that it was going to acquire a listed company in order to be listed on the Warsaw Stock Exchange. It decided to buy Energopol. Yesterday, the stock was rising even 30 percent and cost PLN 43.55 (EUR 11.1). The Warsaw developer may be listed as early as this year.
In 2005, JW Construction had PLN 377m of sales and PLN 27m of net income.
(PLN 1 = EUR 0.256)