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Poundland owner to create 13,000 jobs in Europe - EXCELSIO | News & Information

Poundland owner to create 13,000 jobs in Europe - EXCELSIO | News & Information
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Poundland owner Pepco earnings up 16.8% on store expansion

Poundland owner Pepco earnings up 16.8% on store expansion
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Pepco valued at 5bn euros in Warsaw listing


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Pepco shares are expected to start trading on the Warsaw Stock Exchange on May 26.
By James Davey, Reuters
14 May 2021 
08:21 
Image: Simon Dawson/Bloomberg
Steinhoff on Friday priced shares in Poundland owner Pepco at 40 zlotys (8.8 euros) for its Warsaw stock market listing, valuing the discount retailer at around 23 billion zlotys (5 billion euros).
The price tag is towards the lower end of a 38 zloty to 46 zloty per share indicative price range, but at 40 zloty the offer was more than five times subscribed, a person with knowledge of the situation said.
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