Gorenje Completes Second Share Offering
Dec 18, 2013
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After completing one capital increase this autumn, when Panasonic Corp. contributed EUR 10 million, Gorenje wrapped up the second offering of its shares on December 17. The offering took place in Slovenia and Poland.

The proceeds from the offering amounted to EUR 16.71 million, with EUR 6.17 million subscribed in Slovenia and EUR 10.55 million subscribed by investors in Poland.

Successful completion of both equity offerings have consolidated Gorenje's strategic partnership with Panasonic and attracted some new international investors. The newly raised capital, amounting to a total of close to EUR 27 million, will allow the company to deleverage further, thus improving its financial position, and to intensify its development and investment plans that will improve its competitiveness. Secondary listing on the Warsaw Stock Exchange, which is planned by the end of this year, will open up access to investors at one of Central Europe's largest stock exchanges and improve Gorenje's international recognition.

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