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UPDATE 1-Croatian retailer Studenac scraps IPO plans Adds detail on the offering in paragraphs 4-5, IFR report, context in paragraphs 6-8, further CEO comment in paragraph 9 Nov 28 (Reuters) - Croatian retailer Studenac has decided to cancel its dual initial public offering (IPO) because of unfavourable market conditions, it said on Thursday. "Due to the challenging conditions in capital markets, we - together with our majority shareholder - have decided not to proceed with the IPO," CEO Michal...
Croatian retailer Studenac cancels IPO Nov 28 (Reuters) - Croatian retailer Studenac has decided to cancel its initial public offering (IPO) because of unfavourable market conditions, it said on Thursday. "Due to the challenging conditions in capital markets, we - together with our majority shareholder - have decided not to proceed with the IPO," CEO Michal Senczuk said in a statement....
IPO proceeds to fuel retailer's aggressive growth strategy, which includes opening new stores, acquiring competitors in Croatia and Slovenia and reducing its financial leverage....