Not printing money

Alan Heath
07-11-2001, 00:00

The Baring Private Equity Partners fund, the main shareholder of Starachowice based printers Poligrafia, is hoping to sell its 75 percent stake. The printers noted a loss of PLN2.4m in the third quarter despite being one of the market leaders in this country. Four investors came forward but none took the step of signing on the dotted line.

Poligrafia has modified its financial projections for this year. It still hopes to be PLN2.5m in the black as opposed to PLN6.4m earlier forecast. Expected turnover has been reduced from PLN204.4m to PLN166m.

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