Fertilizing growth
The Polish Securities and Stock Exchange Commission has cleared Zakłady Azotowe Puławy, Poland's biggest producer of nitrogen fertilizers, to trade on the Warsaw bourse.
Puławy, which earlier said it wants to issue zł.350 million worth of new shares in an initial public offer to finance expansion, is one of two major chemicals firms that the government wants to privatize before September's general elections.
The company has annual revenues of zł.1.68 billion and wants to issue 5.5 million new shares in the IPO, which would make up nearly 30 percent of the company's increased share capital.
CA IB Securities is the lead manager in the offering.
In addition to Puławy, the government wants to float a stake in Zakłady Chemiczne Police, Poland's leading producer of phosphorous fertilizers and its sole producer of titanium white pigment. (Reuters)
Puławy, which earlier said it wants to issue zł.350 million worth of new shares in an initial public offer to finance expansion, is one of two major chemicals firms that the government wants to privatize before September's general elections.
The company has annual revenues of zł.1.68 billion and wants to issue 5.5 million new shares in the IPO, which would make up nearly 30 percent of the company's increased share capital.
CA IB Securities is the lead manager in the offering.
In addition to Puławy, the government wants to float a stake in Zakłady Chemiczne Police, Poland's leading producer of phosphorous fertilizers and its sole producer of titanium white pigment. (Reuters)
