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Canal Plus Poland pulls plug on PLN1.3bn IPO amid market volatility

(Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)

Polish pay-television broadcaster Canal Plus Polska has cancelled its initial public offering just seven days after its launch.

Announcing the news, the broadcaster said that shareholders TVN Media and Liberty Global Ventures Holding had jointly decided to cancel the IPO “due to the adverse impact on the execution of the Offering of the recent volatility in the financial markets”.

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