Logos plans growth
www.multilingual.com 26/05/2000

In a recent interview with Reuters, Italy's Logos group outlined goals for the future. Logos chairman, Rodrigo Vergara, said, "Our aim is to have an office in every country where an important different language is spoken." Logos now comprises 18 companies with bases in Britain, United States, Spain, France and Belgium and has a worldwide network of some 3,000 professional translators. "The most interesting country for us is clearly the United States, but we aim to grow in Britain, Germany and in Scandinavia. We are also interested in all East European countries and are expanding in Japan, China, Taiwan and Korea."

The company had planned a listing recently on Milan's Nuovo Mercato for high-growth stocks, but this has been put off due to currently unfavorable market conditions. "We are in no hurry. We certainly haven't any liquidity problems, and we will continue our expansion strategy without any immediate help from the bourse listing," said Vergara. The company wants to float 20% of its capital on the market.