Pfleiderer supsends SPO
12:49
Chipboard producer Pfleiderer Grajewo has suspend its Secondary Public Offerings (SPO), in which it sought to raise PLN 900 mln, due to insufficient investor interest in the book-building process, Grajewo informed.
The company did not want to go below the minimal price of PLN 27, the sum which investors found unattractive.
As many as 40 million new shares were expected to be issued and 6.1 million would have been sold by leasing shareholder Atlantik. A new calendar of the offering will be determined at a later date, the company said.
