Warning: simplexml_load_file(): rss/gpw_companies_indices.xml:10: parser error : Input is not proper UTF-8, indicate encoding ! Bytes: 0xB3 0x6F 0xB6 0x63 in /equities.pl/klasy/mainpage/EquitiesCompaniesIndices.php on line 15

Warning: simplexml_load_file(): <index><name>ABM Solid SA w upad�o�ci uk�ad</name><short>ABM</short><value_open> in /equities.pl/klasy/mainpage/EquitiesCompaniesIndices.php on line 15

Warning: simplexml_load_file(): ^ in /equities.pl/klasy/mainpage/EquitiesCompaniesIndices.php on line 15
Raiffeisen to Bank Polska to debut on the WSE, Equities News - EquitiesPoland.pl
Coverage of high-potential mid-market firms in Poland

Article

Raiffeisen to Bank Polska to debut on the WSE

Raiffeisen Bank Polska, Polish unit of Raiffeisen Bank International, will debut on the WSE with the offering expected to start by the end of June, the bank said in two separate statements.

"Raiffeisen Bank Polska S.A., a wholly owned subsidiary of Raiffeisen Bank International AG (RBI), today announced its intention to float shares by way of an Initial Public Offering (IPO) on the Warsaw Stock Exchange," the intention to float document released early Monday reads. "The terms and timing depend on market conditions and cannot yet be communicated."

Raiffeisen Bank Polska's IPO will consist of 33,850,251 existing shares representing a 15% stake, the bank said in a separate statement.

The IPO "is expected to comprise a public offering to institutional investors in Poland, and a private placement to international institutional investors outside of Poland and the United States of America . . .," RBP said. "The Offering is planned to commence by the end of June 2017."

Details will be available once the prospectus is approved by Polish financial market regulator KNF. Work on the regulatory review of the issue prospectus has been resumed after a prior suspension, a note on the KNF website indicated Monday afternoon.

Raiffeisen Bank International AG, Citigroup Global Markets Limited and Dom Maklerski Banku Handlowego S.A. have been named as the Joint Global Coordinators and Raiffeisen Bank Polska S.A. Dom Maklerski Raiffeisen Bank Polska S.A. is acting as the Offering Agent.

Last week KNF dismissed RBI's motion to alter its obligation to float the Polish unit and said it still expects the IPO to happen by the end of June 2017. RBI has to secure a 15% free-float and increase the free float to 25% if its doesn't secure its own dual-listing in Warsaw to mid-2018, KNF said previously.

RBI submitted an issue prospectus for its Polish unit on April 12.

2017-06-20



Comments : 0

Add comment

The published comments are private opinions of the users. Biznespolska Media Sp. z o.o. is not responsible for their content. Intelligent and insightful comments most appreciated.

Other News

Photo of the week

Photo of the week

Following an impressive run, PKN Orlen fuel reappoints CEO Wojciech Jasiński to spearhead the company to newer, more challenging waters. Gives him a new three year term!

2018-04-19

WSE Indices


NameValueChangeTime
WIG20 2324,73 +0,40 % 17:15
WIG 60629,81 +0,19 % 17:15
sWIG80 14126,48 -0,65 % 17:15
NCIndex 259,24 -1,17 % 17:15

WSE Companies


Top 5 Gainers


Warning: Invalid argument supplied for foreach() in /equities.pl/klasy/mainpage/EquitiesCompaniesIndices.php on line 211

Companies temporarily unavailable

Top 5 Losers


Warning: Invalid argument supplied for foreach() in /equities.pl/klasy/mainpage/EquitiesCompaniesIndices.php on line 223

Companies temporarily unavailable