Dekpol plans to raise PLN 70 mln

Construction sector firm Dekpol expects to raise some PLN 70 million in its initial public offering of 2.3 million newly issued B series shares, the company said in its issue prospectus. The IPO will also include 650,000 A series shares, offered by a selling shareholder. The issue proceeds will be spent on buying land and on initial development stages, as well as on expanding the company’s construction machinery production plant.