Dantex gives up its IPO

opublikowano: 25-11-2008, 17:36

Warsaw (Puls Biznesu) – Dantex, the home building company, gave up its planned IPO because of bearish market.

The company may conduct its IPO next year, however. The financial supervision authorities approved of the issue prospectus as early as in the middle of May. Dantex, which also runs medical services, wanted to invest PLN 555m within four years.

20 percent of this amount was supposed to be raised on the WSE. The company assured in a statement that its investments are going on as planned in the agenda. The company will conclude an office building in Warsaw early 2009 and the first stage of its homebuilding project in Warsaw will be ready in the fourth quarter of 2009.

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Podpis: MAG