Falling profits at Asseco Poland could prove more of a disappointment than usual, as they could increase the price it’s forced to pay for its take-over its arch-rival Signity. Asseco
had previously made a bid of PLN 21 per Signity share, but was rejected. These latest figures are seen as likely to boost Signity’s confidence about the current balance of power between the two companies, hardening its resolve to fend off what it views as an under-valuation of its value. Asseco president, Adam Góral, claims the acquisition would help to expand company presence on Polish market, in which Signity currently holds a 5% share. “The Polish IT market requires consolidation, he told Gazeta Wyborcza daily. “But we cannot pay a higher price than PLN 21 per share for Sygnity.”
