Warsaw (Puls Biznesu) – The company from Torun plans an IPO but gives no deadlines of its listing.
Shareholders of Polmozbyt Torun, one of Poland’s biggest car distributors, decided yesterday to increase the company’s capital from PLN 3.2m (EUR 886,400) to PLN 4.8m. Polmozbyt will issue 8m shares of D series and offer them to present shareholders. The management of the company admits that this is the first step to be listed on the Warsaw Stock Exchange. Initially, Andrzej Wisniewski, the company’s CEO, had said the IPO would be conducted next year. Now he is not so sure.