12
Feb
13:46
Another Polish distributor plans to delist
Bydgoszcz-based steel distributor Drozapol-Profil plans to delist from the Warsaw Stock Exchange by carrying out a compulsory buyout of shares from minority shareholders, Kallanish notes.
The firm’s revenue in the nine months through September 2023 halved on-year to PLN 46.3 million ($11.5m) and the firm sank to a net loss of PLN 5.7m versus a year-earlier profit of PLN 10.9m. Of its total shareholding, 36% is free floated.
The move follows fellow Polish di…
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Anonymous
Very good overview of the weekly steel market.
Anonymous