Retailer Dino mulls IPO

Supermarket chain Dino plans to debut on the WSE in Q2 this year, company's CEO Szymon Piduch said. The minority shareholder, Polish Sigma Group investment fund which owns 49 percent of the company plans to sell 4.8 million of its existing shares. The majority owner, Tomasz Biernacki plans to keep his stock. At end-2016, Dino sported 628 stores, located mostly in Western Poland, up by 117 y/y, and the company expects similar number of new stores this year. In 2015, the company had PLN 2.59 billion profit.