Locked content Mid Europa Partners plans PKL IPO

Mid Europa Partners investment fund will sell a minority stake in the mountain cableway operator Polskie Koleje Linowe (PLK) this year. “We plan PKL’s debut this year. We want to maintain control over the company,” MEP Partner Zbigniew Rekusz told Reuters. MEP acquired PKL in 2013 from the sta...

Locked content WOŚP raises PLN 105 mln

The Great Orchestra of Christmas Charity (Wielka Orkiestra Świątecznej Pomocy), a public benefit organization, has raised over PLN 105 million this year, which is the highest recorded total in the 25 years of the foundation’s history, breaking last year’s record by over PLN 30 million. “...
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Polish government introduces judiciary reforms

The Polish government approved a draft bill on judicial system. The bill would give the parliament control over judges appointments and according to Poland’s National Council of the Judiciary (KRS) would in effect change the country’s political system. “The scope of changes which breach ...

Locked content Demand for housing and consumer loans up in February – BIK

Demand for housing loans in the Polish banking sector increased by 6.7 percent y/y in February, while demand for consumer loans increased by 3.9 percent y/y, Poland’s credit information bureau BIK said. “After a huge demand for housing loans in January, due to the MdM subsidy program, in Febru...

Locked content Treasury sets aside PLN400 mln for reprivatization deals

Poland has allocated PLN 400 million in its reprivatization fund. The money will be spent to buy back shares in WSE-listed companies. One of such deals should be announced this month. “As a result of this transaction the State Treasury will take a 100 percent share in one of the entities,” Deputy Fi...

Locked content Lotos Q4 profit on the rise

WSE-listed fuel producer Lotos had PLN 303 million net profit in Q4, compared to negative PLN 391 million recorded last year. Company’s EBIT stood at PLN 734 million (70 percent growth y/y), while revenues from sales amounted to PLN 6.36 billion, representing a 12.5 percent y/y increase. The company...

Locked content Braster with new share issue to finance expansion and acquisition

WSE-listed medical diagnostic producer Braster plans to enter 14 foreign markets over the next two years and will acquire one company in H1 this year, company’s CEO Marcin Halicki said. In order to finance these plans, the company will issue PLN 60-70 million worth of ex-rights new shares. “We’re ne...