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Tiles

Opoczno (Poland) launched on stock market

Jan 26, 2005
26/01/05 – Opoczno, Poland’s largest ceramic tile manufacturer with a market share of about 26%, is to be listed on the local stock market by June 2005.

According to the Italian Trade Commission ICE, investors will be offered 99% of shares, equal to the entire portfolio previously held by the consortium of investment banks Credit Suisse, First Boston and Enterprise Investors, which expect to receive up to 500 million euro.

The company closed fiscal 2004 with a turnover of almost 100 million euro and net profits of about 19 million euro.
The company has three production units and expects to reach an output of around 30 million square metres in 2005.

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