GGE prepared for Q1 WSE debut

Slovak natural gas distributor GGE is prepared to carry out its initial public offering and debut on the Warsaw Stock Exchange, the company’s CEO Roland Toth told ISBnews. The company has sent its prospectus to the National Bank of Slovakia for approval. If everything goes as planned, the IPO should be completed in the first quarter of 2014, Toth said. Last December, the CEO had told ISBnews that GGE would sell a 33 percent stake in the IPO, worth some €40 million. The proceeds will be spent of acquisitions and new projects in the Czech Republic, Slovakia, Serbia and in Poland.