Rafako to raise PLN 100 mln

Polish boiler producer Rafako reckons to raise PLN 100 million on public offering of new shares. The book-building process will be held between July 9 and 15, the ISBnews agency reported. Rafako is planning to finance existing and future projects in its portfolio as well its R&D activity. Subscriptions from institutional investors will be collected from July 16 to 20. Last week, the firm's prospectus was approved by the financial watchdog KNF.