Thursday, April 17th, 2014
Today's weather     
Low interest in Gorenje's WSE shares

16th December 2013
Bookmark and Share

Gorenje, a Slovenian household appliance firm, did not manage to line up buyers for all of the shares on offer in its planned listing in Warsaw, Reuters stated quoting unnamed sources. The official results will be published on December 18. The company plans to go through with the listing despite the weak demand.

According to the offer’s prospectus, the planned date of the stock market debut in Warsaw is Dec. 30.

The company planned to raise €45 million through the public offering of 10.44 million new shares. If sold, this would make up 36 percent of the increased capital.

Gorenje has over €300 million of debt and high debt ratios. This may be partially attributed to the issues currently faced by the Slovenian economy. “Slovenia as a country also has its problems,” said the source. “And other Slovenian companies on the Warsaw bourse do not have a good track record. That certainly did not help in the placement of the offer.”

Poland A.M.

From Warsaw Business Journal

The business of politics
Poland’s PM owes Putin one
BY Remi Adekoya
A few months ago, Civic Platform (PO), Poland’s ruling party, looked sure to lose the upcoming European Parliamentary elections in May. Poll ... READ MORE
From the editor
A day full of possibilities
BY Andrew Kureth
My favorite cartoon ever drawn is the final strip of the iconic “Calvin and Hobbes” series, by fellow Kenyon College alumnus ... READ MORE
Our partners