FRANKFURT (AFX) - Interseroh AG is planning acquisitions in Poland and the Baltic states as well as to grow organically in Europe, Handelsblatt said, citing CEO Johannes Albus.
It cited company sources as saying the company has set aside an annual 'high double-digit' mln eur figure for investments to grow both organically and through acquisitions.
After Interseroh's failed attempt to acquire recycling company TSR, Albus now wants to set up trading offices overseas, and to expand the company's 40 scrap metal units in Germany, the Netherlands and Poland.
Interseroh was outbid by Rethmann subsidiary Remondis in the acquisition of scrap metal dealer TSR, reported the newspaper.
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