Grajewo to restart public offering

Polish chipboard maker, Pfleiderer Grajewo will again set an issue of up to 19 million new shares in order to raise some PLN 490 million, the company reported. In the previous attempt (October), the price  ranged between PLN 27-31, this time it is to stand between PLN 24 and PLN 26. Grajewo aims to raise PLN 490 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.