Polish glassmaker Irena, which is to issue Zl 30 million worth of new shares, may use some of the capital raised to purchase a stake in the Huta Szkla Szczakowa glass unit. The planned issue will incr…
Polish glassmaker Irena, which is to issue Zl 30 million worth of new shares, may use some of the capital raised to purchase a stake in the Huta Szkla Szczakowa glass unit. The planned issue will increase the company“s stock capital by 40%. According to Irena CEO Boleslaw Pelczak, the company is considering investment in a Polish, Slovakian or Ukrainian glass plant. Irena“s largest shareholder, Mitex, which has a 25% holding, will probably promote investment in Szczakowa. Mitex and Szczakowa are controlled by Poland“s Kredyt Bank, which recently announced that it had found a buyer for a 33.3% stake in Szczakowa held by the bank.