Croatian food retailer Studenac plans Warsaw, Zagreb IPO

Gielda Papierow Wartosciowych w Warszawie SA

07/11/2024 06:14

GDANSK, Nov 7 (Reuters) - Croatian food retailer
Studenac is planning an initial public offering with plans to
list on the Warsaw Stock Exchange and Zagreb Stock Exchange, the
company said on Wednesday.
    The offer will consist of new shares and the sale of
existing shares by current shareholders.
    The firm will announce final terms after approval of the
Luxembourg Financial Supervision Authority.
    Studenac intends to raise gross proceeds of approximately 80
million euros ($85.94 million) from the issuance of new shares
in connection with the offering, the retailer said.

($1 = 0.9309 euros)

 (Reporting by Rafal W. Nowak; Editing by Christopher Cushing)
 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))