Wabererʼs shares trade for first time on Budapest bourse
Shares of Hungarian road haulage and logistics company Wabererʼs International traded at HUF 5,165 on the Budapest Stock Exchange around ten minutes after the opening bell on Thursday, their first day of trading, according to state news wire MTI.
The stock started trading with a HUF 5,151 opening share price.
The offer price in an IPO of the companyʼs shares was HUF 5,100 per share, at the low end of the HUF 5,100-6,300 offer price range.
Wabererʼs noted in a disclosure on the bourseʼs website late Wednesday that the listing of its shares fulfilled the last of the conditions for its acquisition of Polish peer Link. Wabererʼs said it expects to close the transaction, which has already been cleared by competition authorities in Poland and Germany, by the end of July.
Wabererʼs is funding the EUR 32 million acquisition with proceeds from the IPO.
CEE Transport Holding, a unit of private equity fund Mid Europa Partners, holds 70.31% of Wabererʼs shares, a separate disclosure on the bourseʼs website shows.
ADVERTISEMENT
MNB Decides on Technical Changes to Mandatory Reserve System
Parl't Approves Amendments to Legislation on Judiciary
CultTech Looking to Empower Culture With Tech at ViennaUP
Over 10,000 Students Join 'Smashed' Program to Curb Underage...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
