“We have not yet decided what percentage of our capital will be offered,” he also added. In his words, the company may decide to offer the stake currently controlled by its employees. According to APIS, 6.8% of the company is held by natural persons.
Viktor Mikhailov said ne could not specify any dates for the bourse debut, and that the matter is still being discussed by management. An issue if 1.6 mln shares has already been registered with Central Depository.
“The aim of the forthcoming SPO is to to gather experience on the capital market, and get a market value, before we aim at a more srious mone raising on the stock exchange,” Mikhailov explained. He also said that the company will invest in development and introduction of new baby foods.
He said the company expects sales revenues to amount to some 3.5 mln leva (1.789 mln euros) this year. According to him Slancho AD is a medium range company.
Besides baby foods Slancho AD also produces cereals, pasta, flour, and crisps.
Main shareholders are holiday resort RM (75%), and Viktor Mikhailov (20%).