During yesterday’s conference for analysts Kety’s management has informed that it obtained another two weeks of exclusive negotiations with the State Treasury for purchase of 85% stake in Metalplast-Zlotow. Currently Kety is negotiating with the trade unions.
In terms of potential German acquisition (distributor of aluminium systems), Kety are likely to return to negotiations. However not much of a progress is expected in this field due to excessive price expectations from the target’s side.
Our view: we believe the news should have a neutral trading impact as it was reported yesterday during the session.