In November, the Eurofaktor factoring company will increase its capital to ZL30m, with new stock to be taken over by a commercial law company.
However, Eurofaktor is still looking for a strategic investor. According to Kazimierz Abrahamczyk, the company's general director, the current situation on the market makes it difficult for Eurofaktor to carry out its plans.
The process of capital raising was divided into two stages. In the first stage the capital was increased from ZL4.9m to ZL20m. The company's main shareholder is Bonum (83 percent of votes at the general shareholders' meeting), Stabilo group has 15 percent, and Henryk Hermann and Malgorzata Hak have 1 percent each.After the upcoming capital raising the new investor will get 33 percent.
This year Eurofactor has made a ZL1.5m profit, with assets worth ZL130m. At the end of 2001, the company boasted ZL5.7m profit, with the value of assets at ZL251.3m.
Source: Financial Times
