Largest Poultry Producer to Enter Stock Market, Its CEO Says

SLOVENIA - Perutnina Ptuj, Slovenia's largest poultry company, will enter the stock market, most likely in 2006 or 2007, its chairman Roman Glaser told the business daily Finance on Monday, 5 September.

"We could do it right now, but want to increase the return on equity from the current 3% to 6% or 7%," said Glaser. He explained that the company's largest owners, state-run fund KAD, brewer Lasko and bank Probanka, showed scant interest in listing the company.

The reasons for the company to enter the stock market are, according to Glaser, the size of the company and the almost certain need for fresh capital in the future. Therefore Perutnina's listing is only a question of time.

Glaser also told Finance that they could enter a foreign stock exchange, but did not rule out the possibility of entering the Ljubljana one.

Source: gzs.si
calendar icon 12 September 2005
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