Russia's VIS Construction Group is ready to invest at least 100 million euros ($125 million) in a share issue that could be launched by beleaguered Polish builder Polimex, daily Parkiet cited a source close to the Polish firm as saying.
The paper said VIS Construction Group is at the last stage of decision-making on the matter and was waiting for opinions from Polish lawyers on the structure of the potential deal, the daily reported.
Polimex shares have slumped 64 percent this year after dropping 59 percent in 2011, as the group struggles with huge debts and declining margins on its contracts.
(Reuters)
Related articles:
… we have a small favor to ask.
As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.
We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.
Continue
