PEM to be listed on the WSE in Q1

Private Equity Managers (PEM) is to debut on the WSE by the end of March, Puls Biznesu daily reported. PEM is one of the MCI group's investment fund managing companies. MCI plans to make a profit of roughly PLN 40-50 million from selling stakes. MCI is to sell around 13 percent of shares belonging to MCI.EuroVentures' portfolio. MCI will continue to be one of PEM's shareholders and sell just the stakes in the possession of one of its funds. The first IPO is to be worth a few dozen million PLN and the whole sale is to reach PLN 45 million, the company estimated. MCI was founded in 1999 and has been listed on the WSE since 2001. The value of MCI’s AUM reached above PLN 1.59 million.