Warsaw (Puls Biznesu) – At the and of this year Alma can list shares of controlled Krakchemia. Preparation of prospectus is starting soon.
The managing board of Alma, public network of groceries, made the decision concerning Krakchemia, the chemistry articles distributor from the capital group.
“In June we are starting talks with brokers’ office , that will lead the company to the stock market”, Jerzy Mazgaj, the president and main shareholder of Alma, said.
Previously, the possibility of sales the shares to the sector investor was taken into account.
At the moment, the company should develop independently.
“We would like to offer to the investors 49 percent of shares. We will not sale shares that already exist. We will list new. Thanks to it, the company will gather the money for the new investments”, Jerzy Mazgaj explained.
Alma prices Krakchemia for approximately PLN 20m (EUR 5.19m). Planning to give up of half of the shares, means that the issue will amount to this exact value. Today is too early to talk about exact investment. A few months ago Puls Biznesu informed that the company is interested in taking over a similar enterprise from western part of Poland.
“We are still negotiating”, Jerzy Mazgaj said.
Will the purchase of Krakchemia’s, shares a good investment? In the report for last year, Alma wrote that it is a company developing the network of representatives, with seasonal sales and operating at the market of limited absorptivity. That is why it is under tought competition. Krakchemia is dealing with sales of material’s granulate (83 percent of sales in 2005), foil, material, paints, enamels and chemical reagents. Export is only 0,4 percent of its turnover. Last year sales should have increased to more than PLN 200m. In 2004, sales was PLN 170m, net income amounted to PLN 3,1m.
(PLN 1 = EUR 0.260)