Polish Kruszwica's IPO

Article Abstract:

The Polish government offered 1,650,000 shares in edible oil producer Kruszwica, representing 25% of the company's overall shares. It succeeded in selling only 1,265,580, or 19.2% of the company, raising $11.1 million. The company's employees and any farmers with long-term delivery deals with the company will each receive up to 15% of the shares free of charge, with a 5% stake to be retained by the treasury. A further 40% is to be made available shortly through a trade sale.

Fats and Oils Refining and Blending, Edible fats and oils, not elsewhere classified, Edible Oils NEC, Securities, Fats and oils industry, Oils and fats industry, Edible vegetable oils, Kruszwica

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Polish MPP firmly set with cement offers

Article Abstract:

Recent activity by Poland's 15 National Investment Funds, which together hold 60% of the shares in companies participating in the Mass Privatisation Programme (MPP), included the trade sales of stakes in four cement plants. Turkish concern Rumeli purchased 60% of the shares in Nowa Huta, the 10th-largest cement plant in Poland, in two stages, while Dyckerhoff purchased 60% of the shares in the Nowiny cement and lime plant, the fourth-largest in Poland.

Cement, hydraulic, Cement, Cement Manufacturing, Management, Cement industry

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