Wednesday, August 29, 2007

New IPO at Prague Stock Exchange - AAA Auto.

The largest dealer of used cars in Czech Republic announces officially today initial public offerings at Prague Stock Exchange (PSE). Value of IPO will be 40 mil. EUR and 30% of shares will be traded in public. IPO is scheduled for September and will come also to Budapest Stock Exchange (BSE). Gained capital will be reinvested for expansion in Central and Eastern European region.

Except AAA there should be also IPO with New World Resources (NWR, owner OKD) and probably third developer group VGP.


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