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Polish firm closes IPO

7:01 AM MDT | August 1, 2014

Polyols producer PCC Rokita (Brzeg Dolny, Poland) has completed an initial public offering that generated 98.3 million zloty ($31.5 million). The offering raised Zl 52.4 million from the sale of newly issued shares and Zl 45.9 million from the sale of existing shares by PCC Rokita’s parent, PCC Group (Duisburg, Germany). PCC Rokita shares are traded on the Warsaw Stock Exchange. About 15% of the company’s share capital is listed. Proceeds from the IPO will be used partly to expand PCC Rokita’s capacity for polyols and polyurethane...

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