Emperia to list real estate arm

Major Polish FMCG distributor Emperia is in the process of spinning off its real estate assets and will later list the new company on the stock exchange, the group’s CEO Dariusz Kalinowski told Parkiet in an interview. The spin-off should be announced in Q3 2014, Kalinowski said. One of the most important decisions that remain to be made is how to divide excess cash between the parent company and the newly created one, he said. The CEO also said that there are no plans to find a new investor for Emperia’s grocery store business, Stokrotka.