Seko fish producer wants to be listed

APA - Austria Presse Agentur
25-05-2006, 20:03

Warsaw (Puls Biznesu) – The fish food producer wants to raise PLN 20m (EUR 5.1m) on the Warsaw Stock Exchange to acquire rivals.

Warsaw (Puls Biznesu) – The fish food producer wants to raise PLN 20m (EUR 5.1m) on the Warsaw Stock Exchange to acquire rivals.

Seko, a company specializing in pickled fish products, wants to be listed as soon as possible. It may join its listed rivals, including Wilbo and Graal before the end of September.

“We are going to submit our issue prospectus at the Securities and Exchange Commission. The debut is planned in the third quarter at the latest”, Kazimierz Kustra, Seko CEO and owner said.

He added that the company would like to raise PLN 20m from the issue.

“The aims of the issue is to finance the acquisition of distribution and productive companies from this sector”, Seko CEO said.

The acquisition targets should not be a problem.

“There are about 350 plants, including over 190 with EU permissions. 20 of them are meaningrull”, Kazimierz Kustra said.

Seko will also invest PLN 6m to increase its capacity by 40 percent.

(PLN 1 = EUR 0.253)

 

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Podpis: APA - Austria Presse Agentur

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