RPT-Polish bourse chief says Orco may list on May 23

10.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

(Repeats story published late on Wednesday)...

...

Real estate developer Orco Property Group may start trading on the Warsaw Stock Exchange on May 23, the bourse's chief Ludwik Sobolewski said on Wednesday.

Orco, registered in Luxembourg but listed in Paris and Prague, plans to enter the Warsaw and Budapest bourses through a 100 million euro capital increase by the end of the second quarter.

"Probably on May 23 Orco will have its debut on the Warsaw stock exchange," Sobolewski told Reuters.

The developer, with market capitalisation of $1.4 billion, had 96.7 million euro net profit in 2006, and net asset value per share stood at 99.4 euros at the end of the year.

The stock traded 2.1 percent lower in Paris at 120.25 euros on Wednesday afternoon.

[WARSAW/Reuters/Finance.cz]

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