STS Holding SA to launch investment arm

STS Holding SA, the biggest sports betting company in Poland, wants to use part of the 1.08bn zloty ($266m) raised from its initial public offering as an investment arm. As reported by Bloomberg, the owners of the company, the Juroszek family, want to use some of the money raised to wager on Warsaw-listed stocks. The family have successfully sold a 30% stake in the company, which together with dividends from their Atal SA home building business...