ECM: Real Estate company, with activities predominantly in the commercial segment in Prague, the Czech Republic with plans to build two shopping malls in Russia. The IPO should raise cEUR60m, we are looking at a market capitalization of cEUR240m. Expected start of trading is December 11.
Pegas Nonwovens: Company looking to list in Prague and Warsaw. It is a producer of polypropylene and polyethylene used for products of diapers. The company has two production facilities in the Czech Republic. Its sales reached CZK3.3bn ~EUR120m (44% y/y) and net profits of CZK792m ~ EUR28.3m in 2005. The company is the 2nd largest polypropylene and polyethylene producer in the Europe with 11% market share. The market capitalization could reach cEUR300m. The company is currently controlled by Pampola Capital Partners (London).