Croatian grocery chain Studenac Group SA has canceled its initial public offering plans in Warsaw and Zagreb due to "challenging" capital market conditions, following the loss of the European Bank for Reconstruction and Development as an anchor investor. The company aimed to raise up to 794 million zloty ($194 million) from the share sale, with the transaction's books set to close on Wednesday.
Donald Trump's election victory has temporarily eased the path for new European stock sales, yet uncertainties regarding tariffs and policies pose risks for the region's future. Spanish utility Cox Abg Group SA and Croatian grocery chain Studenac Group SA are moving forward with initial public offerings, aiming to list before the year-end. Meanwhile, Goldman Sachs is marketing shares in CVC Capital Partners Plc following its inclusion in a global index.
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