Grajewo raises over PLN 360 mln

WSE-listed chipboard producer Pfleiderer Grajewo has allocated  nearly 15.1 mln shares at PLN 24 a piece, raising PLN 362 million, the company reported. In the previous attempt (October), the price  ranged between PLN 27-31. Grajewo aims to raise PLN 360 million to complete the acquisition of its parent company. The company is aiming to conduct a reverse takeover of its parent company, Pfleiderer GmbH and consequently debut on the WSE later this year.