Asseco Poland to become Europe's No 2 IT firm if acquisition talks succeed.

By bne IntelliNews June 7, 2011
CEE's biggest IT company Asseco Poland could become Europe's second-biggest IT firm, if it succeeds in the current acquisition negotiations, the firm's CEO Adam Goral has announced. In mid-May, he said that Asseco was in talks on two "major" acquisition projects, but stressed they were at a preliminary stage. At that time, Goral said that Asseco had resources to finance one of these projects, while the structure of the other transaction would be more complex, although it would also not require any market or new issue financing. However, one of these projects would likely lead to dilution of current shareholding. tom

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Dismiss