Abris’s Alumetal prices shares at PLN 35

As part of the listing, Abris will sell off its entire 56% stake in the company, which will list in Warsaw over the coming days.

According to Reuters, Abris had initially set the share price at PLN 44. However, as the offering approaches, the price has been dropped to PLN 35.

The listing will see 8,376,500 shares offered to investors, with the vast majority being offered to institutional investors and 837,650 offered to retail investors.

Alumetal manufactures aluminium casting alloys and steel deoxidisers for steelworks. The company was founded in 1953. In 2012, Alumetal sold 99,652 tonnes of metal, generating sales of €202m.

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