Oceanic gets ready for an IPO

MAG
04-06-2008, 16:09

Warsaw (Puls Biznesu) – There’s another cosmetics producer, next to Kolastyna, planning to consolidate the sector. It’s Oceanic, which slowly heads the Warsaw Stock Exchange.

The cosmetics producer from Sopot with brands including AA, wants to be listed on the WSE in 2010.

“The specific date depends on the market”, Wojciech Soszynski, Oceanic owner said.

In his opinion, it is too early to talk about details of the offer.

“The funds will be spent to further develop our operations, especially in our exports markets”, the owner of the company ensured.

Today, Oceanic cosmetics are sold in 30 countries in the world, including the USA.

Next to its own IPO, Oceanic wants to take part in consolidation of the market.

“Acquisitions are possible, especially in the pharmaceutical sector. If we find companies with potential and synergies, we will consider this solution. For the time being, we are not talking either with Kolastyna or any other cosmetics company”, Wojciech Soczynski added.

Andrzej Grzegorzewski, the CEO of Grupa Kolastyna, forecasts strong consolidation in the upcoming 2-3 years. 

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Podpis: MAG

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