Dino markets to enter WSE

Enterprise Investors, owner of 49 percent of shares in the Dino supermarket chain, is set to trade its stake on the Warsaw Stock Exchange, and has already hired four banks to advise on the transaction, Polish daily Puls Biznesu said. "Dino is an attractive target for investors. It's a well-functioning company in a clearly defined area, which will probably benefit from the 500+ welfare program...I don't think that an IPO would be accompanied by the issue of new shares as these kind of companies usually have abundant cash resources," Jan Rekowski, capital markets specialist at Societe Generale told Puls Biznesu. The newspaper said that Tomasz Biernacki, the founder of the chain and the owner of 51 percent of shares is not willing to float his stake. The Dino chain had 511 shops in 2015 and will open another 100 this year.