In Brief: Redan goes public; Dominet Bank looks for investor; Farmacol

Łódź-based clothing retailer Redan became a public company on Tuesday, after the Securities and Stock Exchange Commission approved its issue prospectus. The company plans to raise between zł. 40-50 million from the floatation on the Warsaw Stock Exchange, which will take place later this year. (Parkiet, p. 4; Puls Biznesu, p. 11) ... Dominet Bank announced plans to increase its network of outlets to 120 by the end of the year. This is the first bank which is run on a franchise basis. Within the next three years the company plans to either find a sector investor or enter the Warsaw Stock Exchange. (Puls Biznesu, p. 13; Parkiet, p. 6) ... Farmacol, a publicly listed leading pharmaceutical wholesaler, said that following its planned issue of 4 million shares, the company will be able to take over a sector competitor. (Puls Biznesu, p. 14; Parkiet, p. 4) A.K.