White & Case Advises Offer Managers on Dino Polska IPO
Global law firm White & Case LLP has advised Powszechna Kasa Oszczędności Bank Polski S.A. Oddział – Dom Maklerski PKO Banku Polskiego w Warszawie, as Global Coordinator, Joint Bookrunner and Offering Agent, UBS Limited, WOOD & Company Financial Services, a.s. S.A., Oddział w Polsce, as Global Coordinators and Joint Bookrunners, and Erste Group Bank AG as Joint Bookrunner, on the PLN 1.65 billion (approximately €388 million) initial public offering and admission to trading of shares in Dino Polska S.A. on the regulated market of the Warsaw Stock Exchange.
Dino Polska is a chain of around 630 (as of the end of 2016) proximity supermarkets in Poland. The shares debuted on the Warsaw Stock Exchange on Wednesday, April 19 2017. The transaction was conducted via a public offering in Poland directed to Polish retail and institutional investors, and by a global offering addressed to institutional investors in other jurisdictions outside the US in accordance with Regulation S of the United States Securities Act of 1933, as amended, as well as in the US to qualified institutional investors under Rule 144A of the Securities Act.
It is the fifth debut on the main market of the Warsaw Stock Exchange in 2017 to date. Dino Polska’s public offering was the second largest offering of a private company in the history of the Warsaw Stock Exchange and the largest IPO in Poland since December 2013.
The White & Case team which advised on the transaction included partners Marcin Studniarek (Warsaw), Inigo Esteve and Doron Loewinger (both London), with support from associates Katarzyna Grodziewicz and Klaudia Malczewska (both Warsaw).
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