Warsaw (Puls Biznesu) – Individual orders to buy shares of Grupa Lotos, Poland’s second largest fuel group, which will have its IPO on June 9th, were reduced by 96.6 percent, Polish stock exchange GPW said in an announcement. Last Friday, subscription for institutional investors ended and on Saturday, the shares for individual investors were divided. ‘The final number of shares offered to all investors will be published on Monday evening’, Pawel Olechnowicz, Lotos Group CEO said.
The price of shares series B was estimated at PLN 29 (EUR 7). Before, the price range was set at PLN 26-35.5.
(PLN 1 = EUR 0.243)Poland/Enterprises/Gas and Oil/IPO