Kerdos to expand its influences in Luxemburg, considers dual-listing at FWB

Kerdos is considering dual-listing on the Frankfurt Stock Exchange (FWB) and is planning on obtaining 50 percent of Luxemburg's Meng network by the mid-2015, the group informed. "We are considering dual -listing on the exchange in Frankfurt, without issuing the shares. We want to increase our recognition in the western European markets and realignment of shares pricing," 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 to have 50 percent of Meng network, what will allow us to consolidate its performance since the third quarter. ... The Luxemburg's network has been making more money than the entire group by now," Kliniewski pointed out. Kerdos recorded a PLN 220 million of revenue in 2014.