Ultro sells 7.84% stake in CCC

Ultro has launched the sale of a 7.84 percent stake or 6.67 percent of votes in footwear retailer CCC through accelerated book building, the company said. Ultro, controlled by Dariusz Milek, owns 13.36 million shares of CCC, accounting for a 34.79 percent stake, or 40.20 percent of votes, since the retailer's capital consists of ordinary and preference shares. The offer is managed by UBS and Wood & Co. CCC is a leading footwear company, whose consolidated revenues exceeded PLN 2 billion in 2014. It has been listed on the WSE since 2004.