Enea's IPO approved

Enea's IPO approved Power producer and distributor Enea was given the green light from Poland's financial regular, which approved its issue prospectus for what is expected to be the largest initial public offering planned this year.

Enea, which aims to raise as much as zł.3 billion through the issue of its shares worth about 30 percent of the company, is expected to debut on the Warsaw Stock Exchange on October 21.

The state aims to sell its stake in the company in 2009, even though the privatization of chemical company Tarnów earlier this year showed a limited appetite for the scheduled privatization deals. (AO)

Source: Reuters