Croatian retailer Studenac cancels IPO
Nov 28 (Reuters) -Croatian retailer Studenac has decided to cancel its initial public offering (IPO) because of unfavourable market conditions, it said on Thursday.
"Due to the challenging conditions in capital markets, we - together with our majority shareholder - have decided not to proceed with the IPO," CEO Michal Senczuk said in a statement.
Reporting by Marta Maciag
Editing by David Goodman
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