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A number of entities are reportedly showing a keen interest in buying a stake in troubled Polish construction company Polimex, which said earlier this week that it is in talks with potential investors.

Polimex is preparing to raise zł.400-600 million via a share issue targeting its creditors, who will swap debt for equity, Puls Biznesu wrote. The issue will reportedly take place next week. The newspaper added that the company is also planning to write off zł.100-500 million to account for unprofitable construction contracts.

Once this is done, Polimex's board will find it easier to secure a strategic investor, Puls Biznesu wrote. Interested in the offer are Russian ViS Construction Group, Sopot-based developer NDI, and, unofficially, investor Roman Karkosik.

Two other construction companies – one from France and the other from Turkey – are also said to be considering the deal with Polimex.

“The company's estimated price is historically low and its project portfolio quite attractive. We have a significant exposure in the energy sector, valuable assets and restructuring potential. We are open for a new investor if the deal will be beneficial for the shareholders,” said Polimex's newly picked president, Robert Oppenheim, Polimex, Puls Biznesu reported.

Polimex has suffered along with other Polish construction companies, which have struggled as a result of the bidding wars for road contracts that took place ahead of Euro 2012.

Poland A.M.