Orco Property Group's flirts IPO and major projects

Such plans were revealed by the group's deputy president, Aleš Vobruba, in an interview for Czech Business Weekly. "We believe in Poland's development potential. That is why we are thinking about entering the Warsaw Stock Exchange (WSE)," said Cécile Chapius from Orco's PR office. Not so long ago the company also claimed to be interested in takeovers in this country, but after several months of considerations the firm resigned from the idea of acquiring Peako Development, property developer of the Bank Peako SA capital group. According to Aleš Vobruba, Orco Property Group's construction investment portfolio can increase to EUR 1 billion from the current about EUR 600 million over the next 12 to 24 months. (Parkiet, p. 4) A.F.