According to the information available to the Reuters news agency, the Polish metallurgical company MFO intends to obtain at least 14.7 million zlotys or more than 4.8 million US dollars during the initial placement of its shares on the Warsaw Stock Exchange. The company will invest in the modernization of production capacities.
The report indicates that MFO will publish 1.1 million new shares, which corresponds to 22 percent of the authorized capital of the company. As part of the offer, MFO shareholders will sell 0.9 million of their own shares.
The company said that the final value of the share will be announced on December 13, 2013.
MFO specializes in the production of steel profiles for the construction sector and expects that its net profit will grow to 5.7 million zlotys this year from 4.9 million in 2012.
The Polish Metallurgical Company MFO intends to attract $ 5 million during an IPO
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Azovpromstal® 28 November 2013 г. 18:33 |
