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Article: Polish construction materials firm Barlinek postpones Russian investments, lowers issue price.
- Article from:
- Poland Business News
- Article date:
- September 12, 2008
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Polish construction materials firm Barlinek postpones Russian investments, lowers issue price
WARSAW. SEPTEMBER 12. INTERFAX CENTRAL EUROPE - Polish construction materials producer Barlinek lowered its new issue price from PLN 4.55 per share to PLN 1.4 because of the decision to postpone its PLN 400 mln investment in Russia on economic situation concerns in that country, the company said in a statement.
"The change of the issue price is a result of the correction of the company's investment plans," the company said. "Looking at economic developments taking place in Russia over the past few days, the company's management made a new evaluation of the ...