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Pepco's Warsaw IPO likely to be priced at 40 zloty per share, say bookrunners


By Reuters Staff
1 Min Read
WARSAW (Reuters) - The market debut of discount retailer Pepco is likely to be priced at least at 40 zlotys ($10.68) per share, bookrunners said on Wednesday, meaning shareholders may sell stock worth around 3.7 billion zlotys in what may be Poland’s biggest IPO of 2021.
While the expected pricing is towards the lower end of the 38 zloty to 46 zloty-per-share indicative price range, the fact that South African conglomerate Steinhoff chose Warsaw over London to list Pepco came as a boost to the Polish stock exchange.
The Polish bourse was passed over by parcel delivery company InPost, which chose to list in Amsterdam in January. ....

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Tencent Music appoints new CEO, chairman


By Reuters Staff
1 Min Read
FILE PHOTO: The logo of China s Tencent Music Entertainment Group is seen next to an earphone in this illustration picture taken March 22, 2021. REUTERS/Florence Lo/Illustration
(Reuters) -Tencent Music Entertainment Group said on Thursday it appointed Zhu Liang as the new chief executive officer and Cussion Kar Shun Pang as the new executive chairman of the board, with immediate effect.
Cussion had held the CEO’s position from July 2016.
Zhu has previously served as the vice president of Chinese technology giant Tencent Holdings Ltd, which controls Tencent Music.
The Chinese music streaming platform said Tong Tao Sang, the company’s current chairman, will resign from his position. ....

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Danone board ousts Faber as chairman after activist pressure


3 Min Read
PARIS (Reuters) - Danone said on Monday that Emmanuel Faber would step down as chairman and CEO, ejected by the group’s board after the Activia yoghurt maker faced growing calls from some shareholders to replace him.
FILE PHOTO: Emmanuel Faber, chief executive officer of French food group Danone, poses before a news conference to present the company s 2017 annual results in Paris, France, February 16, 2018. REUTERS/Pascal Rossignol/File Photo
Faber, an advocate for environmental matters and a more sustainable way of doing business, had come under pressure as sales and margin growth underperformed some rivals in recent years. ....

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