ProStrakan Raises £22M Privately, Now Waits For Chance At UK IPO

ProStrakan Group Ltd. raised £22 million (US$40.3 million) from existing shareholders, giving it the leeway to launch an initial public offering at the time of its choosing in 2005 and enabling former Strakan institutional investors to recalibrate their shareholdings following the merger earlier this year with ProSkelia SA.

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