Novago to lanuch IPO, may debut on WSE next year

Novago, a company specializing in waste management, controlled by Abris private equity fund is likely to hold its initial public offering (IPO) and list its shares on the Warsaw Stock Exchange in the first quarter of next year, the media reported. "We are assuming that Abris will sell some part of its holding in Novago [it owns 60 percent of the shares] and new shares will be issued in order to raise investment funds. We do not exclude that, in case of wide interest, we will sell all of our holding," Wojciech Jezierski from Abris Capital Partners said. Novago is also considering acquisitions of firms based in southern Poland. According to the firm's management, Novago recorded PLN 100 million in revenue in 2014.