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Enterprise snaps up 25% of Zelmer float

Enterprise Investors, a Polish private equity firm, has bought a 25% stake in Zelmer, a white goods manufacturer with half Poland's vacuum cleaner market.

In Poland's first privatisation this year, Enterprise Investors paid 50m zloty (€12.2m), or 13.2 zloty per share for 3.79 million shares ahead of the flotation of Zelmer. There is a two-year lock-in period.

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