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.

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