The Polish real estate holding PHN is scheduled to hit the Warsaw Stock Exchange in the first quarter of 2013, the Treasury Ministry announced this week.
“We’re currently preparing for the IPO, which includes looking for a strategic investor, and we consider Ringwood Financial a candidate,” said Katarzyna Kozłowska, spokeswoman for the Polish Ministry of Treasury. The company said it will revealed further details as soon as the IPO prospectus is ready.
Paweł Tamborski of Ministry Treasury said that some PHN’s shares could be acquired by a real estate funds.
