Alumetal to raise PLN 200-500 through IPO

Aluminum profiles manufacturer Alumetal plans to enter the Warsaw Stock Exchange, with an IPO worth some PLN 200-500 million, according to sources quoted by Reuters. “The work to put together a prospectus has launched. It should take another six months or so,” one of the sources was reported as saying. Another source close to the plans said the offering should be carried out by the end of the year. The controlling stake in the company is held by private equity firm Abris.