Noble TFI has acquired an additional 650,000 shares in the Polish developer Rank Progress, increasing its stake in the company to 5.49 percent. “Interest in our company from investment funds has been increasing of late, says Jan Mroczka, head of Rank Progress. ”We hope that other funds, present in our shareholder structure, will follow the steps of Noble TFI,” he adds.
After two years on Warsaw’s stock exchange, Rank Progress has generated a net profit of over PLN 240m, and paid out a PLN 50m for its 2010 profits.
