Germany's Corestate cancels IPO

Corestate Capital Holding SA

03/11/2015 06:48

FRANKFURT Nov 3 (Reuters) - Germany's Corestate  CCAG.F  on 
Tuesday cancelled its planned IPO blaming difficult market 
conditions. 
    "This decision was taken due to the currently difficult 
market environment for IPOs in the German and U.K. stock 
markets, which are of particular relevance to the company," the 
plastics group said in a statement.  
    Corestate said it was sticking to its 2015 growth targets.  
    "There is no reason on the part of shareholders and the 
company to deviate from our current expansion plans for 2016", 
Chief Executive Sascha Wilhelm said in the statement.  
 
 (Reporting by Sylwia Lasek; Editing by Kirsti Knolle) 
 ((Sylwia.Lasek@thomsonreuters.com; +48-58-698-3179; Reuters 
Messaging: sylwia.lasek.thomsonreuters.com@reuters.net)) 
 
Keywords: CORESTATE CAPITA IPO/CANCELLATION