The owner of Poundland has announced plans to list its shares in Warsaw instead of London, in its multibillion pound stock market float.
Pepco, which also runs the Pep&Co and Dealz brands, had previously said that it was considering stock exchanges in the UK and Poland.
The move comes despite a jump in London listings in 2021, including the likes of Deliveroo, Dr Martens and Moonpig, as the UK economy recovers from the impact of the pandemic.
The listing price and total valuation has not yet been disclosed, although it is reported by Sky to be worth about £4 billion.
Pepco trades from 3,246 stores across 16 European countries, including more than 1,000 stores in Poland.
Poundland owner Pepco picks Warsaw over London for stock market float
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Poundland owner Pepco picks Warsaw over London for stock market float
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Poundland owner Pepco picks Warsaw over London for stock market float
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Poundland owner Pepco picks Warsaw over London for stock market float
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