Elektrim to take state in Power, telecom firms to sharpen focus

Article Abstract:

Elektrim SA plans to sell some assets and boost its core telecommunications, cable and electrical energy operations. This includes the proposed purchase of a 20% stake in Zespol Elektrowni Patnow-AdamowKonin SA (Poland) for $87.9 million. Then over the course of a year, Elektrim will invest an additional $100 million, which will boost its equity stake to 38.5%. That acquisition will serve as a beachhead for more expansion in the power sector, said officials. Also, Elektrim planned to add two local telephone operators to its existing portfolio. This will place the company in position to serve 50% of Poland's 40 million-some population as well as challenge Telekommunikacja Polska SA, the state-controlled telecommunications concern. Elektrim will sell holdings, over a five-year period, in about 80 noncore businesses which range from trading companies to farms.

Diversified Companies, Strategy & planning, Planning, Elektrim SA

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Kalon buys Polish paint maker, will begin working on strategy

Article Abstract:

The UK-based Kalon Group PLC announced that it has purchased a 63.4% share of Polifarb Cieszyn-Wroclaw SA. The company also said that it would quickly develop a new strategy for Polifarb, the largest manufacturer of paint in Poland. The transaction signals the first ever corporate hostile takeover to take place in Poland. Kalon paid a price of 10 zlotys ($2.70) per share for the acquisition.

Comment:

Kalon Group PLC purchases 63.4% share of Polifarb Cieszyn-Wroclaw

United Kingdom, Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Paints & Allied Products, Paint and Coating Manufacturing, Paints and allied products, Mergers, acquisitions and divestments, Coatings, Paints, Abstract, Paint industry, Kalon Group PLC, Polifarb Cieszyn-Wroclaw SA

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