Integer.pl to float InPost
11:38
Polish mail and parcel company Integer.pl plans to float its postal arm InPost on the Warsaw bourse, aiming to raise up to PLN 150 million, three sources told Reuters.
"Integer wants to raise up to PLN 150 million from InPost's shares sale," a person familiar with the transaction told Reuters.
The money will be earmarked for the development of Integer's startup firm EasyPack, which is a pioneer in operating parcel locker terminals.
According to the agency, Integer could sell up to 49 percent of InPost's existing shares, but the final structure of the sale will depend on valuation and investor demand.
An Integer spokeswoman declined to comment.