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E-Star shares float in Warsaw from Tuesday

Hungarian energy service company E-Star Alternatív, listed on the Budapest Stock Exchange, is floating its shares on the Warsaw Stock Exchange from Tuesday, the company said on the Budapest bourse's website.

E-Star said earlier it plans to enter the Polish market by making acquisitions this year. It expects Poland and Romania to be its biggest markets by 2015.

E-Star, earlier called RFV, has 2.4 million shares. E-Star shares closed at HUF 9,600 on Monday, giving it a market capitalisation of about HUF 23 billion or €85 million. The company aims to raise its consolidated market capitalisation to €500 million by 2015.