According to Polish daily Puls Biznesu, CEDC filed a prospectus to the Polish SEC and would like to become listed this year. So far it is not certain, how it is going to take place: i) floatation of shares currently listed on Nasdaq, or ii) share swap of Polmos Bialystok shares for CEDC’s shares.
Our view:
We believe the news should have a neutral trading impact, as CEDC floatation on the WSE has been expected for a long time.