Silvano Fashion Group, the producer and distributor
of female underwear and clothes, has so far been known as PTA Group. The new
name will be used when it’s listed on the Warsaw Stock Exchange. New shares of
the company owned mainly by Alta Capital Partners fund will be offered to
institutional investors only. Small investors will have to wait for the debut
planned at the end of July.
“Warsaw is the financial center of our region. We
have Splendo brand in Poland and we want to develop here. That’s why the debut
on the WSE is a natural step”, Dimitri Ditchkovsky, Silvano Fashion CEO said.
The company has 62 its own shops plus 105 shops of distributors it
cooperates with. It is present first of all in Baltic countries, Russia, Belarus
and Ukraine.
“At the end of this year, we want to have 109 our own shops.
Till the end of 2010, we will have about 400 shops, both our own and franchise
ones”, the CEO added.
Last year, the company had EUR 81m of sales and EUR
10.9m of net income.
Just after the IPO, new shares will be issued
for Alta Capital Partners.
“We did not want the procedure to delay our IPO
on the WSE. We will buy the whole issue at a price set during the IPO. We are a
long-term shareholder in Silvano Fashion”, Indrek Rahumaa, Alta managing partner
said.
Silvano Fashion Group of Eastland to be listed in Warsaw
Warsaw (Puls Biznesu) – Silvano Fashion Group is going to be the 16 th foreign company to be listed on the Warsaw Stock Exchange. It will be the first such company from the Baltic region.