Poland - Kolastyna to increase its market share

Kolastyna Group, a cosmetics producer, is to debut on the stock exchange at the beginning of February. The value of its IPO is expected to reach PLN 52.5m (€13.8m). The company is to allocate the funds for strengthening of the group’s operations, Andrzej Grzegorzewski, the company’s president, said at a press conference.

The Group is to spend PLN 26-28m (€6.8-7.4m) on consolidation activities on the Polish market – it plans to take over some production companies, including some offering upmarket cosmetics products. It may also acquire brands only or create the brands by itself. The company announced that it is already at an advanced stage of talks with a potential target, annual turnover of which amounts to PLN 10-30m (€2.6-7.9m).

Source: PMR. For more info Retailpoland.com