Cinema City International IPO plan remains in limbo

This means that CCI's debut on the Warsaw Stock Exchange (WSE) will be delayed, or may even not take place at all. "We decided that there is no use remaining in KWDP if we do not know the exact date of our debut. But this does not mean that we totally resign from entering the bourse," said Moshe Greidinger, president and managing director of CCI. He was unable, however, to provide any concrete information concerning the debut. According to Puls Biznesu daily, it will all depend on the possibilities of financing the company's investment plans. The operator plans soon to invest EU 50-70 million in the CEE region. (Puls Biznesu, p. 13) A.F.