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Kernel Group Hopes to Raise USD 200 mln in Warsaw IPO

Kernel Group Hopes to Raise USD 200 mln in Warsaw IPO

1 November 2008

Kernel-Group has announced its plans to raise USD 200 mln via IPO on the Warsaw Stock Exchange in early November, according to the Financial Times. Proceeds will be directed to development, in particularly the construction of a new oil-extraction plant in Mykolaiv region, enhancing existing capacities, increasing land under lease and boosting working capital. Kernel Group owns three oil extraction plants, 40 grain elevators and 30 ths ha of land, located throughout Ukraine.

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