Play pub­lic of­fer­ing.

Kathimerini English - - Focus -

Play Com­mu­ni­ca­tions, the owner of Poland’s sec­ond big­gest mo­bile net­work op­er­a­tor Play, plans to raise up to 5.2 bil­lion zlo­tys ($1.40 bil­lion) in an ini­tial pub­lic of­fer­ing in War­saw, it said yes­ter­day. The flota­tion would be the big­gest in War­saw since 2011, ac­cord­ing to War­saw Stock Ex­change data. The mo­bile op­er­a­tor, owned by Greek fund Toller­ton and Ice­landic in­vestor No­va­tor, will sell up to 121,572,621 ex­ist­ing shares, or 48.6 per­cent of its to­tal eq­uity, in­clud­ing the over-al­lot­ment op­tion. The com­pany will not is­sue new shares. un­changed at 9.3 per­cent. That’s the low­est since March 2009, when un­em­ploy­ment was ris­ing markedly fol­low­ing the global fi­nan­cial cri­sis. Over the month, the sta­tis­tics agency said the num­ber of peo­ple out of work fell by a mod­est 5,000 to 15.03 mil­lion. Hopes are high that the fall­ing trend across the eu­ro­zone will ac­cel­er­ate in the months to come as the re­gion’s eco­nomic growth ap­pears to have picked up speed. The fig­ures mask huge dis­par­i­ties across the re­gion, but even in those coun­tries where un­em­ploy­ment has been high­est, no­tably Greece and Spain, there is an im­prov­ing trend.

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