Russia retail chain Dino debuts on the Warsaw stock exchange – Onet.pl

Fund Enterprise Investors investing in the private capital market, intends to sell up to 49 percent. shares in the network.

It can improve the situation on the Warsaw stock Exchange, which lost investors and attract less new members because the government has a policy krytykowaną the European Commission and the selected rating agencies.

In contrast to the large public companies that are dependent on the main stock index, the interest Dino are developing well.

- we Plan to debut on the Warsaw stock exchange in the first half of 2017, said Friday the Agency Reuters Simon Piduch of 14 years, acting as Chairperson Dino. – It’s a good point. Says the scale of the development of the company.

the Proposal will apply only to shares held by Fund Enterprise Investors, which bought a stake in Dino in 2010 for 200 million rubles. Founder and owner of the remaining 51% Tomasz Biernacki will stop their share.

- Our debut will probably be the largest in 2017, but also in the last few years. We want to convey our offer for private investors in Poland and institutional clients in Poland and in the world, said Piduch.

according to Him, the network Dino used on the development of retail trade, which occurred after the conservative government child benefits.

Piduch urged not to exaggerate the impact on the activities of the network tax planning for retailers and the possibility of a ban on trade on Sunday.

Dino now has 608 stores (in 2010, there were 100), mainly in Western Poland. Income network has grown in 2015 by 23 percent to 2.6 billion (620 million dollars), and profit before interest on loans, taxes and amortization rose 42 percent to 201 million rubles.

With the beginning of this year on the Warsaw stock exchange, debuted 18 companies, the largest debut brought to 245 million rubles. In the past year, the stock market included 30 companies, including German supplier of motor drives Uniwheels company was attracted by 504 million rubles.

Concerns with government plans to reduce dividends and to demand higher taxes from the public companies is superimposed on the investors ‘ anxiety caused by the 2013 reform of the pension system.

the State exchange in Warsaw are particularly susceptible to the decisions of the government because the government is a shareholder more than half of the 20 largest companies listed in Warsaw, in the majority of energy concerns and banks.