Opoczno tiles producer buys firms in Russia and Serbia

APA - Austria Presse Agentur
14-06-2005, 21:30

This year, Opoczno tiles producer may buy another company in the East, Slawomir Frackowiak, Opoczno CEO said. ‘We are holding serious talks with several Russian partners. We are opening a regional outlet in Moscow, then in Petersburg and Novosybirsk’, the CEO said.

This year, Opoczno tiles producer may buy another company in the East, Slawomir Frackowiak, Opoczno CEO said. ‘We are holding serious talks with several Russian partners. We are opening a regional outlet in Moscow, then in Petersburg and Novosybirsk’, the CEO said.

He added that Opoczno had acquisition plans in Serbia. This year, Opoczno paid EUR 3.33m for 60.25 percent in Lithuanian tiles producer JSC Dvacioniu Keramika. Slawomir Frackowiak believes that his company will double its value within three-four years.

Opoczno is going to be listed soon. Its IPO is going on. Until June 15th, individual investors may subscribe, while institutional ones – a day longer. The issue price will be published on June 17th.

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Podpis: APA - Austria Presse Agentur

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