Locked content Marvipol hopes to split its business in H2 2017

WSE-listed Marvipol hopes to finalize the group split into two separate listed entities in H2 2017, company’s CEO Mariusz Książek said. Firm plans to divide its business into two groups, real estate one – Marvipol Development and the automotive one – British Automotive Holding. “I hope that by...

Locked content Szydło talks Brexit with May

Polish and British PMs, Beata Szydło and Theresa May, had a phone conversation on Wednesday to discuss the Brexit negotiations. “Both prime ministers agreed in the course of the conversation that this negotiation process should be efficient and smooth, and should take place in a manner that will min...

Locked content CD Projekt sold 25 million copies of Witcher games

WSE-listed game developer CD Projekt sold 25 million copies of its blockbuster Witcher video game series, solidifying it as the most successful Polish game franchise. Next in line is Techland’s Dead Island series (7.5 million copies sold) and CI Games with Lords of the Fallen which sold 7 mill...

Locked content Torpol with PLN 838 mln deal with PKP PLK

WSE-listed builder Torpol signed PLN 838 million deal with state-owned railway infrastructure operator PKP PLK. The contract is for construction work on the LCS Konin area of the E2 Warsaw-Poznań line. Torpol’s offer was picked in the tender. The works are to be completed within 41 months from...

Locked content Energa to capitalize PGG with PLN 100 mln

WSE-listed, state controlled power utility Energa will capitalize Polska Grupa Górnicza (PGG) with PLN 100 million through its Energa Kogeneracja subsidiary. “This amount will support PGG in expanding its activities and obtaining synergies from incorporation of Katowicki Holding Węglowy’s (KHW...

Locked content WSE suspends trading of 5 penny stock companies

WSE has suspended trading of five companies till the end of June. Suspended companies include: Ampli, Cash Flow, Clean&Carbon Energy, Ideon and Kerdos Group. Its trade will be suspended between April 3-June 30. The ban was implemented after aforementioned firms were placed on the alert lists num...

Locked content OFEs turn down Pelion tender offer

Five pension funds: Aegon, MetLife, PZU, Aviva and Nationale-Nederlanden turned down the Pelion tender offer at the current price of PLN 52.33 apiece, Pelion said in a market filing. WSE-listed pharmaceutical distributor Pelion wants to buy back up to 8.27 million shares, representing 50.83 percent ...

Locked content NBP: Bank profits inches up in February

The net profit of the Polish banking sector in February amounted to PLN 845 million, a 1.6 percent increase y/y, the data from the Poland’s Central Bank (NBP) showed. Profits from interest grew by 11.1 percent y/y to PLN 3.42 billion, fees and commissions grew by 9.2 percent to PLN 1.07 billio...

Locked content Automotive exports to surpass €25 bln in 2017

Polish automotive exports could grow by 9-10 percent y/y to over €25 billion in 2017 AutomotiveSuppliers.pl forecasts. The growth should be driven by increasing demand for car parts from Germany and growing production capacities in Polish factories. With expansion of Volkswagen plant in Września and...

HB Reavis secures record Warsaw lease deal

In what is the largest lease transaction to have been signed in the office market in Warsaw so far this year, ATM producer Diebold Nixdorf has leased more than 9,700 sqm of space in the West Station II office building, which HB Reavis is now developing in the city in cooperation with PKP and Xcity I...