W.Kruk became a spin-off of Vistula
11:32
Shareholders W.Kruk, owned of Vistula Group increased the equity capital from PLN 100,000 to PLN 200 mln and divided it to 20 million shares acquired by Vistula. As a consequence, W.Kruk has become a spin-off of the group.
The company predicts that the IPO of W.Kruk is still to take place at the beginning of 2016. “The W.Kruk is likely to debut on the WSE at the end of second quarter of 2016 at the latest,” Grzegorz Pilch, the CEO of the group informed ISBnews agency in February.
Vistula Group is a leading textile company in Poland. The company merged with W.Kruk (Polish jewelery company) in 2008.
