Hoop's preparations to enter WSE in advanced stage

One of the largest domestic soft drinks producers Hoop, filed a share issue prospectus with the Securities and Stock Exchange Commission (KPWiG), as it hopes to raise zł. 120 million from the floor. The company is already listed on the over the counter market (CeTO) and plans to enter the Warsaw Stock Exchange (WSE) between June and July. The current owners of the company, Dariusz Wojdyga and Marek Jutkiewicz, plan to sell about 33% of the stock to new shareholders. Moreover, Hoop is negotiating terms with institutional investors that will take over 20% of the stock. "We are also in talks with foreign investors and are preparing company presentations in London and Frankfurt," said deputy president and co-owner Marek Jutkiewicz. The capital raised will be spent on expanding Hoop's output, promoting existing products, and taking over other brands. (Puls Biznesu, pp. 1, 9) M.M.