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[February 2005]
Opoczno Stock Market Launch
The Polish tile manufacturing company Opoczno is set to be listed on the local stock market by the summer of 2005. The IPO sees the current investors - Credit Suisse First Boston and Enterprise Investors - looking to realise their investments of around US$100 million and add profit.
The Deputy Head of the Supervisory Board, Ryszard Wojtkowski, said that the IPO was estimated at zl. 2 billion. Approximately 40% of the shares are being directed at domestic investors, with the remainder at foreign investors.
Opoczno has three production units which will manufacture something around 30 million sq.m. of tile in 2005. The company made net profits of approximately 15 million in 2004.
ENDS