Astarta to trade white gold for Polish złoty

Ukrainian sugar producer Astarta, the fourth biggest player on the Ukrainian sugar market, has introduced an express schedule for entering the Warsaw Stock Exchange. The company will issue 7.6 million shares at a price of zł.9-27 and will obtain between zł.127-180 million. The debut will be around August 11th; share subscription has already begun, however, and will finish on August 2nd. With the capital gained from its IPO Astarta wants to speed up its expansion. The company will allocate money for modernization of sugar refineries, purchase of 2-3 new factories, purchase of modern equipment and new technology. Some funds will be allocated for debt payments, as well. (Puls Biznesu, p.11) H.D.