P o l s k i e W i e ś c i

Wednesday, June 23, 2010

Tauron IPO Price Set at PLN 0.57, Retail Investors to Get 25 pct of Offer

Poland sets IPO price at Tauron power at PLN 0.57, allocation to retail investors was increased to 25% of IPO offer, but largest subscriptions will nonetheless be trimmed, Tauron said in a market filing.

Poland will trim allocation to institutional investors to 5%, Treasury Minister Aleksander Grad said at a news briefing. Poland saw 121 institutional investors subscribe for Tauron's shares, twice as many domestic as foreign institutions, Grad said.

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