CEDC makes bee-line for the bourse

"CEDC is continuing preparations for an IPO. We want to conclude this operation by the end of the year," said William V. Carey, president of CEDC. "However, at this stage we cannot reveal any further details." It is unknown in what way the shares would enter the bourse and options include listing the same shares as on Nasdaq or replacing the shares in Polmos Bialystok, which are already listed on the WSE, with CEDC shares. "Selling the shares in CEDC only makes sense if the company is floating new shares," said Dorota Puchlew, analyst with DM PKO BP. It is possible that the company would use raised funds from the floated shares as the payment for acquisitions both in Poland and abroad. (Puls Biznesu, pp. 1, 4-5) M.M.