REKLAMA

Ex-Pekao CEO to head PGF's new key subsidiary

2008-03-27 00:00
publikacja
2008-03-27 00:00
"PGF's scale of operations is so large that it requires dividing the enterprise into wholesale and retail units. The creation of CEPD will facilitate management of international business and the acquiring of finance for new investments," said PGF president Jacek Szwajcowski. CEPD will be a holding entity without its own operations and thus it will obtain revenues solely on capital operations. "The firm will acquire new opportunities of financing and expanding into CEE markets.

Apart from that, it will also be able to solely focus on the retail segment, which should accelerate the restructuring and tidying up this segment of operations," said Tomasz Sokołowski, analyst with DM BZ WBK. PGF will introduce investors into CEPD to finance development of the subsidiary, but it will retain a 51% stake in the firm. "Above all, we are  interested in Central Europe, as this market has the greatest potential. We already have our eye on the first projects and we are in various talks. The first results should be expected before the end of the year," said Maria Wiśniewska. (Parkiet, pp. 1.4; Puls Biznesu, pp. 1, 9; Rzeczpospolita, p. B4) M.M.



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