The Polish Commission for Financial Supervision (KNF) has given the official go-ahead for a public offering by Makarony Polskie (MP), the Rzeszow-based pasta producer.
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MP is to use the proceeds of the offering to fund its previously announced takeover of the Stoczek ready meals group. The company intends to raise PLN13m (US$4.84m) through the share offering, details of which are to be published next Monday (2 April).
