In the 1H07, Orco plans to introduce its share on both Warsaw and Budapest Stock Exchange, which would make it a quadruple listed stock.
Our view:
The listing of Orco’s shares in Warsaw and Budapest in addition to Prague and Euronext may benefit the stock in terms of liquidity and exposure to new investors, in particular Polish pension funds, which have restrictions on investing abroad. Finally, Orco has activities in both countries (Poland and Hungary).