CEE's largest IT company Asseco Poland has set issue price in the secondary public offering of 3.88mn of series I shares (with rights issue) at PLN 54 (EUR 14), the firm has announced (vs. earlier pledged PLN 60). The firm hopes to raise PLN 209.5mn (EUR 53.6mn) from the SPO. The issue's proceeds are to be spent on acquisitions - the company said it was holding advanced talks with 13 foreign companies. Under the issue prospectus, subscriptions for the series I shares will be held on Apr 23 - May 5. All the proceeds of the series I share issue ill be earmarked for acquisitions of small- and medium-sized entities operating in the IT branch, mostly in the following three regions: the area of operations of Asseco South Western Europe (Spain, Portugal, Italy, France), the area of operations of Asseco DACH (Germany, Austria, Switzerland), the area of Northern Europe (Denmark, Finland, Sweden, Norway), the issue prospectus reads. Asseco Poland could acquire three Spanish IT firms by early summer (June-July), company officials have told a news conference. The three Spanish firms are an ERP firm, a firm specialising in cloud computing and a firm providing software for POS [point-of-sale] systems and terminals. In 2009, the first firm had annual revenue of EUR 18mn and net profit of EUR 1.25mn, the POS systems firm revenue of EUR 12.4mn, net profit of EUR 1.3mn, and the cloud computing firm revenue of EUR 12.6mn and net profit of EUR 2mn. In 2009, Asseco Poland reported consolidated revenue of PLN 3.05bn (EUR 778mn) and net profit of PLN 373.4mn (EUR 95.3mn). ISB, tom
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