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LONDON (Reuters) -South African conglomerate Steinhoff will list shares in its Pepco Group discount retailer business in Warsaw rather than London, in what could become Poland’s biggest initial public offering (IPO) this year.
FILE PHOTO: Signage is seen outside a branch of Poundland in Altrincham, Britain January 7 2020. REUTERS/Phil Noble/File Photo
Earlier this month, Reuters cited sources saying that Pepco, which owns Poundland in the United Kingdom as well as the PEPCO and Dealz brands in Europe, was valued at around 5 billion euros ($6 billion). nL8N2M94HQ]
Pepco trades from more than 3,200 stores across 16 countries and is led by Andy Bond, a former chief executive of Britain’s Asda supermarket chain. In Poland, it trades from more than 1,000 stores.
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Poland is Pepco’s biggest market; sources value group at around â¬5bn.
By James Davey, Reuters
26 Apr 2021 08:44
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Image: Bloomberg
South African conglomerate Steinhoff will list shares in its Pepco Group discount retailer business in Warsaw rather than London, in what could become Poland’s biggest initial public offering (IPO) this year.
Earlier this month, Reuters cited sources saying that Pepco, which owns Poundland in the United Kingdom as well as the Pepco and Dealz brands in Europe, was valued at around 5 billion euros ($6 billion).
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United KingdomPoundland owner picks Warsaw over London for Pepco listing
ReutersJames DaveyAnna KoperAnna Koper
3 minutes read Signage is seen outside a branch of Poundland in Altrincham, Britain January 7 2020. REUTERS/Phil Noble/File Photo
South African conglomerate Steinhoff (SNHJ.J) has chosen Warsaw over London to list shares in its Pepco Group discount retailer business, in what could become Poland s biggest initial public offering (IPO) this year.
The choice of Warsaw will be a boost to the Polish capital s stock market which has seen an uptick in listings, but was passed over by parcel delivery company InPost (INPST.AS), which chose to list in Amsterdam in January. read more
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