Locked content PCC mulling more IPOs

Chemicals group PCC, which just floated its PCC Rokita unit on the Warsaw Stock Exchange, might in within the next 18-24 months put other companies from its group public. “Such time is needed to conclude investments and prepare an organization for the status of a public compan,”said PCC CEO Waldemar...

Locked content KGHM needs to borrow PLN 2.5 bln

Polish stat-controlled copper giant KGHM is looking to borrow PLN 2.5 billion to ensure company’s further growth, said company’s vice-president Marcin Chmielewski. He added that the company hopes to secure necessary credit “within the next month.” According to Chmielewski the loan will be for a maxi...
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Buzek close to chairing Energy Committee

Christian Dems have made a deal with the Socialists in the European Parliament to take over the Energy Committee, according to Polish Radio. The only and most likely candidate from the European People’s Party for the role of committee chair is Polish politician, Jerzy Buzek.

Locked content Torpol sets IPO price

Torpol, rail infrastructure arm of Polimex-Mostostal, a construction company, is to issue an IPO numbering 7.4 million shares with an additional 15.57 million shares on sale by Polimex-Mostostal. Torpol and Polimex-Mostostal are offering their shares at PLN 8 per share. More than 90 percent of the s...

Locked content PGNiG shale gas exploration spending at PLN 300 mln in 2015

PGNiG natural gas plans to spend PLN 300 million in 2015, according to a PAP report and news from the European Financial Congress in Sopot. The state petroleum and gas company, PGNiG plans to maintain capital and exploration expenses at the same level for the following two years. The annual capex fo...
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InPost will deliver groceries

Private postal service operator, InPost, is to expand their e-business offer by implementing a grocery delivery service. Integer.pl, the owner of InPost sees the growing e-business market as having great potential. After significant success with parcel lockers in Poland and abroad, InPost will reach...

Locked content Financial watchdog presents bancassurance regulation

The Polish financial regulator has drawn up regulation that prohibits banks from becoming insurers and insurance intermediaries at the same time. KNF’s so called “U” recommendation on good practices in bancassurance is to be implemented at the end of March 2015. Clients of banks are to be clearly in...