We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » October 28, 2009
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
EQT Aims to Acquire HTL-Strefa
October 28, 2009 By A.R.    
Article's tools:

Terantium Investments, a company owned by the EQT group of private equity funds, has made a public bid to buy 100 percent of shares in the listed Polish company HTL-Strefa, a leading manufacturer of safety and personal lancets.

It would be EQT's first investment in Poland and the largest acquisition of a majority stake in a public company in the country this year. The price per share is zl.13.71, which values the total bid at zl.885.6 million. The subscription is to start Oct. 28 and will last until Nov. 26.

EQT, a group of 12 leading private equity funds, focuses on the Scandinavian countries, Central and Eastern Europe, the United States and Asia. Since it was set up in 1994, EQT has acquired around 13 billion euros for its funds. The funds have invested some 7 billion euros in around 70 companies. "A year ago we opened our office in Warsaw," says Thomas von Koch, the EQT partner who manages capital investments. "We are very satisfied that despite the global crisis, we are already making our first investment in Poland. It is consistent with EQT's strategy."

When selecting companies for its portfolio, EQT looks at long-term development potential, van Koch said. "In the case of HTL-Strefa, we are convinced that the company, the leader on the global market, has large potential. EQT has already invested in many medical companies, like for example Aleris, CaridianBCT, Dako, HemoCue, Gambro and Sirona."

Terantium Investments will be able to buy HTL-Strefa if holders of at least 80 percent of shares respond to the public bid and if Austrian and German antimonopoly authorities do not object to the plan. Terantium Investments has announced that HTL-Strefa President Andrzej Czernecki, General Director Wojciech Wyszogrodzki and Noryt N.V., who among themselves hold 77.76 percent of shares, have agreed to sell their stakes to Terantium Investments.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE