CEE biggest IT firm Asseco Poland may debut on Nasdaq in 2012.

By bne IntelliNews February 10, 2012
CEE's biggest IT company, software developer Asseco Poland is considering deal listing on Nasdaq still this year, according to the firm's representatives. Thus, it will return to the plan originally pursued in 2010. Asseco Poland would like to issue shares worth of USD 200-300 for the U.S. market, with the proceeds to be spent on buying out minority stakes in its subsidiaries, including several listed firms (Asseco Business Solutions, Asseco South Eastern Europe, Asseco Central Europe; it also controls Israel's Formula systems - listed on Nasdaq and TASE). The SPO will probably be rights issue-based. At the same time, Asseco Poland sticks to the plans of large dividend from its 2011 profit - it may earmark PLN 170-200mn (EUR 41-48mn) for this purpose, as the firm's president Adam Goral announced.

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss