Bumar’s subsidiary to be listed next year

opublikowano: 2007-12-12 14:07

Warsaw (Puls Biznesu) – Przemyslowe Centrum Optyki, Bumar’s subsidiary, may be listed at the end of next year. This is going to be the first company from the military sector to be listed on the Warsaw Stock Exchange.

According to previous plans, Bumar military equipment producer was supposed to be listed on the WSE in 2009. The plans have changed.

“We first want to list one of the companies from Bumar group. If the issue is successful, it will be easier to list Bumar itself” Tomasz Debski, Bumar CEO said.

Przemyslowe Centrum Optyki is supposed to be listed at the end of 2008.

“We are about to end building a new plant and we’ll need capital for new technologies”, Ryszard Kardasz, PCO CEO said.

The company hopes to raise PLN 70-80m (EUR 19.6-22.4m). It has recently sold a lot in Warsaw for PLN 100m. In the last three years, the company tripled its sales to PLN 101m this year. PCO employs 400 people.

(PLN 1 = EUR 0.280)