Kerdos to expand its influence in Luxembourg, considers dual-listing on FWB

Kerdos is considering a dual-listing on the Frankfurt Stock Exchange (FWB) and is planning on obtaining 50 percent of Luxembourg's Meng network by mid-2015, the group informed. "We are considering a dual-listing on the exchange in Frankfurt, without issuing shares. We want to increase our recognition in the western European markets and to gauge our company's market price," the firm's CEO, Kamil Kliniewski announced. The company's subsidiary DC Service has 25 percent of Meng shares. Kerdos is aiming to have 50 percent by mid-year, "We are assuming that we will have 50 percent of Meng network, which will allow us to consolidate its performance as of the third quarter. ... The Luxembourg network has been making more money than the entire group by now," Kliniewski pointed out. Kerdos is a holding company focused on trade operations in the hygiene and household cleaning product segments. It recorded PLN 220 million of revenue in 2014.