Altus TFI to debut on WSE on Friday

Shares in investment  fund manager Altus TFI will start trading on the Warsaw Stock Exchange on July 11, the company said in a statement quoted by the Polish Press Agency. Altus TFI company raised PLN 141.36 million from a new share issue. Another PLN 19 million was generated from the sale of existing shares. In the individual investors tranche, 1.5 million new issue shares were sold and 16.88 million shares to institutional investors. The issue price was earlier set at PLN 9.5. The company said the issue proceeds would finance its investment plans, expansion and takeovers.