Toasting the floor
Treasury spokesman Andrzej Król said Polmos Białystok's prospectus should be filed in the second half of January, and ENEA's at the start of February.
Typically, it takes two months for the Polish Securities Commission to review listing requests and clear companies for flotation on the Warsaw Stock Exchange (WSE).
The government will offer at least 20 percent of Polmos Białystok for sale. It owns the popular Żubrówka vodka brand, and its total sales exceed zł.1 billion. The Treasury is seeking a strategic investor for the firm.
ENEA, which is based in western Poland, is set to become the first power-distribution group listed in Warsaw. The offering of 20 to 30 percent in the company is expected to bring zł.1 billion into government coffers. Later this month two state-controlled companies-home appliances producer Zelmer and chemicals group Ciech-are carrying out IPOs, whose joint value is estimated at zł.400-500 million.
This year, the government plans to float a dozen companies on the WSE, raising zł.2-3 billion. A total of 36 new companies listed on the bourse last year, including four foreign and two state-owned firms, making it Europe's hottest exchange after London for the number of debuts. (Reuters)
Typically, it takes two months for the Polish Securities Commission to review listing requests and clear companies for flotation on the Warsaw Stock Exchange (WSE).
The government will offer at least 20 percent of Polmos Białystok for sale. It owns the popular Żubrówka vodka brand, and its total sales exceed zł.1 billion. The Treasury is seeking a strategic investor for the firm.
ENEA, which is based in western Poland, is set to become the first power-distribution group listed in Warsaw. The offering of 20 to 30 percent in the company is expected to bring zł.1 billion into government coffers. Later this month two state-controlled companies-home appliances producer Zelmer and chemicals group Ciech-are carrying out IPOs, whose joint value is estimated at zł.400-500 million.
This year, the government plans to float a dozen companies on the WSE, raising zł.2-3 billion. A total of 36 new companies listed on the bourse last year, including four foreign and two state-owned firms, making it Europe's hottest exchange after London for the number of debuts. (Reuters)
