Financial regulator KNF approves PKP Cargo’s issue prospectus
October 7, 2013
Poland's largest rail freight carrier PKP Cargo secured issue prospectus approval from the financial market regulator KNF, the KNF said in a press statement.
The prospectus concerns the public offering of A-series shares and introduction to trade of A- and B-series shares, the statement showed.
Under the IPO, PKP Cargo's owner, state railways PKP, intends to sell a 50% stake minus one share.
The offering is managed by DM PKO BP.
PKP Cargo plans to carry out its IPO in Q4, depending on market conditions, the company said earlier.