Novaturas mulls dual listing

Lithuanian tour operator Novaturas wants to be floated this year on the Warsaw Stock Exchange and on the Lithuanian Nasdaq, the company said in a market filing. “Novaturas is a leader on a very attractive tourist market in the Baltic countries, with a recognizable brand and a transparent and effective business model that ensures profitable growth and enables regular dividend payment,” company’s General Director Linas Aldonis said. The company operates in the Baltics markets. Novaturas plans to submit its prospectus to the Lithuanian, Estonian, and Polish financial supervision authorities. The company is owned by the Enterprise Investors equity fund. In 2016 it had €102 million revenues.