Polish Business Survey
Light metal investor required
The light metals firm Kęty has announced that it hopes to find a strategic investor next year. At the same time it has also said that it hopes to sell its subsidiary Alumetal, which does not fit in with the overall strategy of the company.
Germans save Kraków bank
Today a little over 34.6m shares of the Bank Współpracy Regionalnej were issued. The whole lot were bought by Deutsche Bank Polska who have effectively rescued the Kraków based BWR from bankruptcy. Other major shareholders include Polski Koncern Naftowy, Stalexport and the German insurers Interkrankenversicherung AG from Mannheim. There are just three percent of the shares of BWR still in free circulation.
Recording sector goes up
Sales figures for the recording industry show that in the first nine months of this year the sector took around PLN300m. This was 8.2 percent more than last year despite a drop in sales volume of around one percent. The leader is still Universal Music Polska.
DIY expansion claimed
Retailer Leroy Merlin has announced that it intends to open a chain of twenty to twenty five DIY stores in the next five years. Geraud de Castelnau, director of the buying department of Leroy Merlin Polska claims that he has plans to cover the whole country. Its stores are always located closed to Auchan, which like Leroy Merlin, belongs to the Mulliez group. Geraud de Castelnau also sees the possibility of locating his stores independently as they are in Belgium. The whole new investment is to be funded by the mother company in France. Geraud de Castelnau insists that Leroy Merlin will receive no funding from any other source.
Swedes don t want Yawal
Contrary to reports, the Swedish Sapa has announced that it will not be investing in the Częstochowa based aluminium products producer Yawal. It would appear that Sapa withdrew from the proposed deal after due diligence.