Polwax to debut on WSE on Monday

Wax and paraffin producer Polwax will be traded on the main market of the Warsaw Stock Exchange starting from October 6, the bourse said in a recent press release. The company conducted an initial public offering in September, worth PLN 57.3 million. The shares were sold by five shareholders, including PE firm Krokus, which is exiting the investment. Polwax was established in 1999. In 2004-2011 it was called Lotos Parafiny and was part of the Grupa Lotos oil holding. In January 2012 the company’s managers carried out a management buy-out with the support of Krokus PE and other investors.