Warsaw (Puls Biznesu) The new investor (49.9 percent) of Pekaes: AKJ Management, a fund connected with the well-known businessman Jan Kulczyk, wants to improve the situation of the spedition-transport company. Due to cheap euro, expensive fuel and higher road fees, Pekaes has PLN 7.2m (EUR 1.9m) of loss after three quarters of this year.
Till the end of March 2006, a plan concerning Pekaes restructuring and development will be ready. Within the first half of the year, a long-term strategy will be adopted, Kazimierz Waga, AKJ Management CEO said.
He targets to change Pekaes into a complex logistic operator who will offer more profitable services and will start making money.
The restructuring will be launched in April and last till the end of 2006, Jan Dalgiewicz, Pekaes CEO added.
In spring, Pekaes¹s acquisition plans will be decided. The management is presently viewing 6-7 projects. Some of them were nearly closed but after the new investor appeared, they were postponed. Pekaes is interested in companies whose joint sales amount to PLN 300m and joint net income to PLN 10m. AKJ Management invested PLN 158m in Pekaes.
The horizon for this investment is 3-8 years, Pawel Borys, AKJ Management investment director said.
(PLN 1 = EUR 0.261)