Treasury to raise PLN 239m from PHN’s sale
February 6, 2013
PHN real estate firm saw Poland’s Treasury set the issue price of PHN shares at PLN 22, PHN said in a market filing.
The Treasury will sell 10.846 million shares, of which 9.219 million will be sold to institutional investors and 1.627 million to retail investors.
The share price puts the value of the offer at PLN 239 million and of the company at PLN 954.4 million. To date, the company was 100% owned by the Treasury.
Company's WSE debut is expected by February 13.