Warsaw, 11 April (STA) - Thirty-four shares of the Slovenian pharmaceutical giant changed hands at 204 zloty or EUR 48.91 a piece as Krka began trading on the Warsaw Stock Exchange on Wednesday.
The opening price was slightly above the EUR 48.39 at which the share traded on the Ljubljana Stock Exchange in early trading, but the share climbed to EUR 49 in Ljubljana in the meantime.
The aim of the dual listing in Warsaw is to introduce a second, widely recognised listing platform to support the trading of Krka's shares, and to attract more interest from international and Polish investors.
"Although trading liquidity may take time to build up, we believe a listing on the Warsaw Stock Exchange will broaden our shareholder base and enhance Krka's capital markets flexibility going forward," Krka chairman Jože Colarič said.
The company may support liquidity in its trading on the Warsaw Stock Exchange with 2,080,134 treasury shares or nearly 5.9% of its existing share capital.