Published: October 9, 2013
Dutch company's plans to float in Warsaw scrapped due to “adverse” market conditions.
Meridian Properties, a Dutch real estate investment company with a Central and Eastern Europe focus, has abandoned plans to carry out an IPO on the Warsaw Stock Exchange. The company was to sell 18mn shares, with a total value of €170mn (US$230mn).
This is the second failed IPO attempt by the company, the first coming in June.