The owner of a chain of stores in several European countries, Pepco Group is to enter the Warsaw Stock Exchange, not in London. It is supposed to be the biggest debut on the Warsaw Stock Exchange, Reuters reported, citing two sources close to the case.
–
Pepco has just over a thousand stores in Poland, but it also owns British Poundland discount stores. The company is valued at EUR 5 billion (about PLN 22.7 billion) – according to one of Reuters sources.
–
Pepco has not commented on the reports of entering the stock exchange.
–
This could be the biggest debut in 2021
Last month, Pepco announced that it was considering entering the Warsaw or London stock exchange, we read on Reuters. According to Sky News, the Warsaw Stock Exchange was chosen due to the company’s presence in Poland – almost one third of the chain’s stores are in our country.
–
As reported by Sky News, Pepco’s public offering is to be valued at approx. EUR 4.5 billion (over PLN 20 billion), which would be the largest debut – the so-called IPO (Initial Public Offering) – on the Warsaw Stock Exchange in 2021.
–
The owner of the South African company Steinhoff International Holdings announced in January that it was resuming analysis of strategic options for Pepco Group, including a potential public offering of the company.
–
In November 2019, the group announced that it was analyzing strategic options for Pepco Group, including a potential IPO. In 2020, the company sustained its intentions, but the plans were thwarted by a pandemic.
–
According to Reuters data, in December 2020 Pepco had 3,218 stores, in 2021 it plans to open another 200 under the Pepco, 50 Dealz and 20 Poundland brands.
–
The largest retail chains
The largest trading company in Poland in terms of revenues is Jeronimo Martins, the owner of Biedronka – according to data provided by the Ministry of Finance. JM’s revenues in 2019 amounted to PLN 55.7 billion. The podium was completed by Lidl (PLN 18.5 billion) and Eurocash (including brands such as Groszek or abc) with revenues of PLN 16.2 billion.
–
Auchan was in fourth place of the largest trading companies. In this case, the revenues for the previous year amounted to almost PLN 11.5 billion.
–
The following places in the ranking were taken by: Tesco with a revenue of around PLN 10.6 billion, Kaufland – PLN 9.7 billion, Carrefour – PLN 9.6 billion, Rossmann – PLN 8.8 billion, Żabka – PLN 8.6 billion, Dino – about PLN 7.9 billion and Euro Net (owner of the RTV Euro AGD network) – PLN 7.5 billion.
–
photo-source">Main photo source: press materials
—
