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...
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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...

Panattoni to develop 79,000-sqm BTS project for BSH

Industrial space developer Panattoni Europe is to develop a 79,000-sqm built-to-suit logistics center in Łódź for home appliances producer BSH Sprzęt Gospodarstwa Domowego. Construction work on the project is scheduled to launch in May and finish in the spring of next year. BSH, which offers home ap...

Locked content Tusk to May: ‘We miss you already’

President of the European Council Donald Tusk, reacted to the British Prime Minister triggering of Article 50, saying that there is “no reason to pretend this is a happy day.” “We miss you already. Thank you and goodbye,” he said during a press conference in Brussels after he received the formal not...
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Mastercard: Poles buy online the most among Europeans

According to the report published by Mastercard, 9 percent of Poles shop online everyday, the most (along with Lithuania) among all of the European nations. However, most of the shopping is done domestically. The European average is 6 percent.

Locked content Selena FM acquires majority stake in Italian Uniflex

WSE-listed construction chemicals producer Selena FM has acquired 64 percent in Italian Uniflex for PLN 7 million, the company said in a market filing. “We want to strengthen our position in Western Europe, that’s why we’ve acquired majority stake in Uniflex,” company said. The transacti...