Ukrainian Firm’s Exit Marks Rude Awakening for Warsaw Bourse
- Kernel adds to Warsaw departures as war ravages its operations
- Tycoon Verevskyi also laments low visibility, analyst coverage
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Eastern Europe’s leading bourse is losing another member as one of the world’s biggest producers of sunflower oil delists from the Warsaw Stock Exchange, citing complaints including poor liquidity and thin analyst coverage.
Namsen Ltd — the investment vehicle of Ukrainian businessman Andrii Verevskyi — announced an offer this week to buy out all other shareholders in Kernel Holding SA, the company he founded whose listing in 2007 came amid a push to encourage Ukrainian firms to the Polish exchange.