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.
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).
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