2005-05-24
Żabka Polska, small general store chain, will debut on Warsaw Stock Exchange in October 2005.
Originally the company planned to debut in March 2005, then the date was changed for June 2005. In spite of the delay, Żabka has not abandoned its flotation plans and the nearest date is October.
The money raised from the WSE will enable the company to speed up the pace of its expansion from 250 new outlets opened each year to at least 300. Żabka Polska owns over 1,500 small grocery stores, but the company plans to have about 7,500 outlets. Last year the company earned PLN 4.9m net from sales.
