Cyanide maker Draslovka screens banks for IPO | Reuters News Agency
Business & FinanceDeals

Cyanide maker Draslovka screens banks for IPO

Reuters exclusively revealed that Draslovka, the world’s largest producer of sodium cyanide, has been sounding out banks to manage a possible stock market listing as early as next year.

Market Impact

The company has embarked on an acquisition spree in a bid to diversify its business and make it greener, recently buying proprietary technology for leaching metals. The acquisitions boosted Draslovka’s revenue by 286% to $468 million last year, but the dramatic jump was not immediately reflected in its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), which dropped 13% to $77 million. Its IPO deliberations come as equity markets are warming up again to new entrants following an early wave of listings ahead of the summer lull in Europe and the United States. 

Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Countries: Czech Republic
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
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