Unimot sets IPO price

Fuel trader Unimot, listed on the alternative, small-cap market set the price of its planned IPO of 2.2 million new J-shares at PLN 45 apiece. The maximum price was set at PLN 47. The offer involves moving the company to the WSE main market. The company plans to raise PLN 88 million earmarked for R&D, launching new brands and potential takeovers. The new shares would represent a 27.4 percent stake in the company. Unimot Express is the company's major shareholder with 59.2 percent stake.