Industrial Milk of Ukraine Starts $95 Million Warsaw IPO
April 11, 2011, 2:44 AM EDTBy Pawel Kozlowski
(Updates with IPO details starting in second paragraph.)
April 11 (Bloomberg) -- Industrial Milk Co. SA of Ukraine plans to sell as much as 260 million zloty ($95 million) of shares in a Polish initial public offering to fund expansion.
Industrial Milk set the maximum price at 21 zloty each, the company said in a share sale prospectus on its website today. Bookbuilding for as many as 12.4 million shares starts today and ends April 20. ING Groep NV and Investment Capital Ukraine will advise on the sale.
Agroton Public Ltd., Kernel Holding SA and Astarta Holding NV are among Ukrainian food and farming companies that already trade in the Polish capital. The Warsaw Stock Exchange is the third-largest in emerging Europe after Russia and Turkey, with market capitalization of $217 billion, Bloomberg data show.
KSG Agro SA, a Ukrainian grain and sunflower seed producer, this week is selling $44 million of shares in IPO.
--Editors: Nathaniel Espino, James Kraus
To contact the reporter on this story: Pawel Kozlowski in Warsaw pkozlowski@bloomberg.net
To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net
