Shareholders’ profiles - Echo Investment

Polski

Shareholders’ profiles

Michał Sołowow
One of the greatest Polish stock investor, the richest Pole. Strategic investor at Echo Investment S.A. and three other companies listed on the Warsaw Stock Exchange:

  • Rovese S.A. (formerly Cersanit S.A.) - one of the largest and most dynamically growing companies in Poland. Nationwide leader in complex bathroom equipment, intensely expanding its range of export operations (the share of export in total revenues from sales earned by the company exceeds 40%).
  • Barlinek S.A. – one of the largest manufactuer of natural wooden flooring systems in the world, the most recognizable brand of natural floors in Poland. The Barlinek board is exported to more than 30 countries on 3 continents. The company holds about 65% share in the market of Polish floorings. 
  • Synthos S.A. – one of the largest Polish chemical company. It manufactures synthetic rubber and latex, styrene materials and vinyl dispersions.

Michał Sołowow’s funds manage the capital from stock exchange transactions. The funds invest on futures market, currency market, materials markets.

  • Magellan Pro-Equity Fund I S.A.
  • Open World Pro Asia Trading Sp. z o.o.
  • Barco Capital Investment Ltd

Mr. Michal Solowow company also controls the North Food Polska S.A. - A chain of restaurants offering fish and seafood.

ING Nationale Nederlanden OFE
ING Nationale-Nederlanden Polska Open Pension Fund is the second largest polish Open Pension Fund (OFE) in terms of assets and number of clients, managed by PTE ING Nationale-Nederlanden (net value of assets as on June 30, 2006 equals PLN 22,554,188,806.23)
Owners:

  • ING Continental Europe Holdings B.V., holding 80% of initial capital
  • ING Bank Śląski S.A., holding 20% of initial capital

Initial capital of the Comprehensive Pension Company (PTE): 33 million PLN
Registered address of the PTE: ul. Ludna 2, 00-406 Warszawa,
www.ing.pl

PZU OFE Złota Jesień
PZU “Złota Jesień” Open Pension Fund launched its operations in 1999.
The PZU Joint Stock Company Comprehensive Pension Company manages the PZU “Złota Jesień” Open Pension Fund.
Owners: PZU Życie S.A. 100%
Initial capital of the Comprehensive Pension Company (PTE): 32 million PLN
Registered address of the PTE: ul. Nowogrodzka 47 A, 00-695 Warszawa
www.pzu.pl

Aviva OFE Aviva BZ WBK
Aviva OFE Aviva BZ WBK is the largest open pension fund in Poland, managed by Aviva PTE Aviva BZ WBK S.A. Operations of the Open Pension Fund (OFE) were launched on March 1, 1999.
Owners:

  • Aviva PTE Aviva BZ WBK Życie S.A. 50%
  • CGU International Insurance plc 30%
  • Bank BPH SA 10%
  • Bank Zachodni WBK SA 10%

Initial capital of the Comprehensive Pension Company (PTE): 137 million PLN
Registered address of the PTE: ul. Prosta 70, 00-838 Warszawa
www.cu.pl