Polish cable firm pulls IPO as pension worries rear head again

By Andrew Griffin
29 May 2014

Polish cable firm Multimedia Polska pulled its IPO on Wednesday night, as the pension fund reform that larger deals had swatted off came back to hurt it, alongside a general lack of excitement around the deal.

Multimedia Polska has had a long and varied history in the capital markets, which contributed towards the lack of demand. It was previously listed and then taken private amid an LBO process that disappointed many bankers.

Its chequered history meant that it was difficult to persuade many ...

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