CZG wants to list shares at PSE, plans US plant

Published: 14.09.2020 Related countries:  United Arab Emirates United Arab Emirates

CZG as a very successful Czech weaponˇs manufacturer wants to invest more in US

CZG - Česká zbrojovka Group plans to make a public offering of its shares on the Prague Stock Exchange (PSE). The prospectus is awaiting approval from the Czech National Bank. President and board chairman Lubomír Kovařík said that the offer will help CZG to obtain funds for the implementation of growth plans. This includes the expansion of production and distribution capacity in the United States, especially the planned construction of a production plant in Arkansas. The offer will consist of an IPO of new shares worth up to EUR 75m and a secondary offer of existing shares up to ca. EUR 75m which are held by Česká zbrojovka Partners. Česká spořitelna, Komerční banka and Société Générale should act as joint global coordinators. Together with Wood & Company, they would act as leading co-managers of the offer.