Żabka Polska plans to sell 25% of its shares in IPO

"The process of going public might take place in the fourth quarter of this year, or early in 2005. The ultimate date depends on the situation on the Warsaw Stock Exchange, as well as on the adjustment of the company's offer to the requirements of the capital market," said Czarnota. Żabka Polska has already finalized collecting offers and has concluded all meetings with investment banks and brokerage houses. Currently, the company is in the process of selecting one of them for a potential adviser, which will aid in the debut on the WSE. "Most probably we will publicly offer 25-30% of shares. We hope that the value of the issue will stand at around zł. 150 million," added Czarnota Żabka's management plans to use the raised funds to increasing the number of its outlets. (Puls Biznesu, pp. 1, 3) A.K.