We will survive, even if Steinhoff doesn't, says Pepco ahead of Warsaw listing

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A Pepco store in Krakow, Poland.
A Pepco store in Krakow, Poland.
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With less than three weeks to go before it starts to trade on the Warsaw Stock Exchange, the Pepco Group is playing up its growth plans while stressing its operational independence from retailer Steinhoff.

The pan-European discount retailer, which views its core customer as a "mum on a budget," is wholly owned by Steinhoff. It is eyeing a further 8 000 store openings in coming years, in addition to the 3 246 PEPCO, Poundland and Dealz stores it already runs. 

On Wednesday, it kicked off a book build for institutional investors for its planned IPO later this month. From Thursday, it has been accepting purchase orders from qualifying retail investors.

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