Polish pension pickle menaces mid-cap IPOs

The halo surrounding the Warsaw Stock Exchange after its own recent IPO dimmed this week as two mid-cap companies postponed listings on the bourse. Speculation about changes in Poland’s pension arrangements took part of the blame, alongside a sharp negative turn in investor sentiment across Europe due to the eurozone sovereign debt crisis which led to listings being pulled elsewhere in the region, too.

  • 03 Dec 2010
AFI Europe, the central European property developer, planning an up to Eu171m listing in Warsaw, postponed the deal late on Wednesday after the books had been due to close. Polish press speculation that the government will slash pension contributions to cut the country’s debt level had dampened risk ...

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