The latter group will operate under the name Kulczyk Oil Ventures, a company registered in Canada. "We have selected the WSE for several reasons. One was sentiment towards the home market, its high quality, as well as the possibility to show our company in the oil segment, which is poorly represented on the bourse," said Dariusz Mioduski, the president of KIH.
The IPO is planned for May 2009 and the company hopes to raise no less than euro 100 million.
Sources: Rzeczpospolita, Puls Biznesu (A.K.)
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