Mostostal Export about to conclude talks with a new partner

11-04-2008, 14:34

Warsaw (Puls Biznesu) – Mostostal Export construction company headed by Michal Skipietrow may have even two investors: a  Polish and a foreign one. Talks are about to be concluded.

Mostostal Export gets closer to a merger. Michal Skipietrow, the CEO, said that he wants to concluded negotiations in the first half of the year. The GSM will discuss it at the end of June. Two foreign companies and one Polish firm want to invest in Mostostal Export. Both foreign firms are listed and have over EUR 2bn of sales. The Polish firm is not listed and focuses on home building.

First details will be revealed in the middle of May. Mostostal will issue new shares.

“It would be best to conduct two issues: one for the investor and the second one for present shareholders”, the CEO believed.

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