Onet portal may be floated on Warsaw Stock Exchange
Onet portal may be floated on Warsaw Stock Exchange
It is very likely the most popular Polish internet portal Onet.pl will
be quoted on the Warsaw Stock Exchange (WSE). Onet is part of Optimus
holding which is controlled by BRE Bank and Zbigniew Jakubas who owns
Multico. The two majority owners are seriously considering the possibility
because of the lack of results of the lengthy search for a new investor
for the holding. According to experts an initial public offering (IPO) of
Onet's shares may be complicated and even risky. It would be much easier
and safer if BRE and Jakubas decided to sell Optimus' shares to a
strategic investor. It is difficult, however, to find an investor which
would be ready to buy such a complex holding and an offer of $250 million
by Elektrim S.A. was rejected. Optimus' owners have decided to try to sell
the holding in pieces starting with Onet. Current shareholders need to
convince future ones that Onet's shares would be a good investment, to
make the IPO a success. That can be achieved only if big investments are
made in the portal now. (Puls Biznesu, page 3)
