PRAGUE, Nov 14 (Reuters) - Luxembourg-registered property developer ECM Real Estate Investments is looking to publish the indicative price range for a planned initial public offering (IPO) of its shares on the Prague bourse by early next month, ECM's head said on Tuesday.
Milan Janku, chief executive officer at ECM, told Reuters in an interview that he hopes the share offering will boost the firm's capital to aid expansion plans in the Czech Republic and Russia.
Janku currently holds 100 percent of ECM, which is mainly active in the Czech Republic. He said the IPO is aimed at both domestic and foreign institutional investors, as well as Czech retail investors. ((Reporting by Marek Petrus, writing by Alan Crosby;
editing by Greg Mahlich; prague.newsroom@reuters.com;
Reuters Messaging: alan.crosby.reuters.com@reuters.net;
tel: +420 224 190 477))
Keywords: PROPERTY CZECH ECM CEO