Raiffeisen Bank Polska resumes works on IPO

Raiffeisen Bank Polska has resumed its works on the IPO, planned for the end of June, the company informed in a market filing. “Raiffeisen Bank Polska, a wholly owned subsidiary of Raiffeisen Bank International AG (RBI), today announced its intention to float shares by way of an Initial Public Offering (IPO) on the Warsaw Stock Exchange.” The lender will offer a 15 percent stake in the company to individual and institutional investors. Last week Financial Supervision Authority (KNF) dismissed the bank’s motion to delay the IPO. The bank had an obligation to float 15 percent of its shares by end-June.