W.Kruk becomes a spin-off of Vistula
12:02
Shareholders at W.Kruk, owned by Vistula Group, have increased the equity capital from PLN 100,000 to PLN 200 mln and divided it into 20 million shares which were 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 will still take place at the beginning of 2016. “W.Kruk is likely to debut on the WSE at the end of the 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.
