Polish Post plans 2016 stockmarket listing
PR dla Zagranicy
Aleksander Nowacki
23.03.2015 15:37
Polish Post plans to list on the Warsaw Stock Exchange in 2016, according to the state-owned mail operator’s strategy unveiled on Monday.
The company also plans to double profits on parcel deliveries, courier deliveries and from e-commerce, the strategy for the period 2015-2020 shows.
Polish Post hopes to win the auction for the so-called designated operator, which delivers mail from state institutions.
The company will implement a savings programme worth PLN 1.5 billion (EUR million) a year.
The savings generated will help finance capital outlays, as Polish Post plans to open 100 self-service package-delivery posts and 10,000 service stations.
Next year’s listing is also to bring funds for the planned investments, although the company will only float a minority stake with the state treasury remaining in control. (an)
Source: PAP