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2009-02-11 Poland: Promising growth of Bioton`s share price

Stock price of Bioton Ltd, one of the biggest polish biotech company started to raise, and as far as revenues are concerned, Bioton has no equal in the WIG20 portfolio. This tendency is supposedly caused by promises made by Janus Guy, the President of Bioton`s board company. Bioton`s CEO has declared that the blue chip will dispose of parts of plants in Russia and Israel worth 65 million USD. The company also will be restructured financially and organizationally.

Disposal of assets is in line with the previous assumption made by analysts few weeks ago. Furthermore this step should also bring net profit already this year. CEO of Bioton admits, that of one of his current priorities is to increase the value of the company in order to make favorable conditions in the future for leaving Prokom Investment ( with 33.3 percent of Bioton`s shares). Nevertheless, due to the financial problems, the company may dispose of shares earlier. According to the speculation one of the interested is the french pharma concern Sanofi-Aventis.

Izabela Klockowska
Based on: Puls Biznesu