Brief: SMT plans to merge with iAlbatros

Satis SA

08/04/2015 12:34

April 8 (Reuters) - SMT SA  SMTP.WA : 
    * Plans to develop its unit, iAlbatros SA, and focus on 
providing technologies branded iAlbatros 
    * Plans to merge SMT SA with iAlbatros SA and change name to 
iAlbatros SA 
    * Plans to restructure its capital group through 
consolidation and sales of some units 
    * Plans to increase its stake in iAlbatros to 100 percent 
from 61.16 pct, by the end of Q3  
    * Sees revenue of iAlbatros growing from 111.3 million 
zlotys  ($30.1 million) in 2015 to 695.1 million zlotys in 2019 
    * Sees net profit of iAlbatros growing from 1.8 million 
zlotys in 2015 to 28 million zlotys in 2019 
 
Source text for Eikon:  ID:nEM0874414  
Further company coverage:  SMTP.WA  
 
($1 = 3.7022 zlotys) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))