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Sep 11, 2007 19:17 EEST
September 11 (SeeNews) - Bulgarian website Mail.bg is considering a stock exchange listing as part of its medium-term strategy to finance growth, a senior company official said on Tuesday.
"This is part of our possibilities to finance growth. I suppose we will decide in the forthcoming six months, having in mind all the options," board member Milko Georgiev told SeeNews.
Mail.bg was considering three options to finance growth under its programme for development in the next two years. One of them is through equity investments by foreign and domestic funds or strategic investors.
"There are such proposals which we are studying at the moment," Georgiev said.
Mail.bg, which is offering free e-mail services, is also planning acquisitions or mergers with sector companies. "We are in advanced talks with one domestic firm and we are also considering other companies."
The key target in the company's development plan will not be to focus on miscellaneous businesses, like internet portals, but to search for companies that could be integrated closely with its core business, Georgiev said.
"The main idea is that they [the firms] will not suggest a horizontal growth of our business but a vertical integration," he added. "We will search for growth in business models that are not necessarily connected with the advertising business."
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