Graboplast to become Plc
The owners of Hungarian specialty flooring maker Graboplast have decided to transform the company into a public limited company (Nyrt) from a private limited company (Zrt), but a float of Graboplast's shares on the Budapest Stock Exchange is still uncertain, the communications agency for the brokerage commissioned to prepare for the possible IPO informed Hungarian news agency MTI yesterday.
The float would take place in the fourth quarter of 2014 at the earliest, the agency for Equilor Investment said. Graboplast's management is examining other possibilities of drawing in funds at the same time, it added. Graboplast chairman-CEO Péter Jancsó said in July that the company could list its shares again on the Budapest Stock Exchange to raise funding for a HUF 6.3 bln investment.
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