Kogeneracja power plant to debut on the WSE in May

The power and heating plant Zespol Eletrocieplowni Wroclawski Kogeneracja is expected to make its debut on the Warsaw Stock Exchange (WSE) on May 26. The Treasury Ministry has earmarked 3.924 million shares valued at zl. 5 each for individual and institutional investors. The brokerage house Dom Maklerski Bank Zachodni has been appointed to administer the process. Subscriptions for shares is expected between May 11 and May 18. The company also hopes to issue another 400,000-4 million series B shares before the end of this year. Kogeneracja wants to use part of the revenue to purchase shares in other firms operating in the energy sector, while the remainder would be reinvested in the company. The company had revenues of zl. 350.9 million last year, zl. 9.44 million of which were net profits. (Parkiet, page 2, Rzeczpospolita, page B5) S.M.