In Brief 2: Praterm's IPO; Profi's IPO inches ahead; NFI Jupiter

The group hopes to use capital raised from its IPO to acquire other local utility companies. (Parkiet, p. 3) ... The Securities and Stock Exchange Commission (KPWiG) has approved the IPO plan of Profi, a medium-sized tinned meat producer from the Wielkopolska region. The company plans to sell 760,000 shares, which may be worth up to zł 50 million. The capital raised on IPO will be used to restructure and develop its production line. (Parkiet, p. 3) ... NFI Jupiter raised about zł. 120 million selling a 51% stake in the Ceramika Nowa Gala ceramics factory to institutional investors. Originally, the fund established in the 1990s to manage the sale and restructuring of state-owned firms, paid zł. 53 million for its stake in Nowa Gala. (Parkiet, p. 4) J.J.