According to a recent report, the fight to take control of the Krosno glassworks continues before the company is sold to a strategic investor.
Zdzislaw Sawicki, who holds a 26% share in the company, …
According to a recent report, the fight to take control of the Krosno glassworks continues before the company is sold to a strategic investor. Zdzislaw Sawicki, who holds a 26% share in the company, asked the Securities and Stock Exchange Commission (KPWiG) for a permit to exceed 33% of votes at general shareholders“ meetings in order to counter the attempts of the Polish Enterprise Fund to take over the company. The Polish Enterprise Fund, a US-based investment fund, recently obtained a permit to exceed 33%t of votes at general shareholders“ meetings and announced its bid to purchase shares for Zl 31 each. The fund holds a nearly 10% share in the company, while other shareholders include Zdzislaw Sawicki (26%), Minex (9%), and the PZU insurance giant (18.5%). Small shareholders own some 46% of Krosno“s joint-stock capital. The report said that Sawicki may now continue purchasing small stakes of shares, or announce a counterbid and offer a higher buying price.