Locked content THC SPV10 bids for 34.9% of FAM at PLN 4.20 apiece

A group of investors under the THC SPV10 investment vehicle are bidding for 11.1 million shares representing a 34.94 percent stake in WSE-listed hot-dip galvanizing producer FAM at PLN 4.20 apiece. At the end of the trading day on Tuesday, FAR shares were trading at PLN 4.22 apiece. The bidders incl...

Locked content KNF approves new PZU CEO

Financial market regulator KNF approved Paweł Surówka for the post of the WSE-listed insurer PZU CEO. Surówka replaced Michał Krupiński, who was dismissed back in March. Previously, Surówka has been the CEO, of PZU subsidiary, PZU Życie. Surówka was appointed to the post on April 13, but his candida...

Locked content PZU, PFR to finalize Pekao purchase on June 7

WSE-listed insurer PZU and state-owned development fund PFR will finalize the purchase of a 32.8 percent stake in WSE-listed bank Pekao from Italy’s UniCredit on June 7, PZU said in a market filing. Back in 2016, Polish insurer PZU and Polish Development Fund PFR agreed to buy 32.8 percent of ...
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Virako unveils Monopolis office project in Łódź

Developer Virako has presented the architectural vision for its planned Monopolis office project in downtown Łódź, which will involve the revitalization and redevelopment of a historic post-industrial site that previously housed a vodka distillery. The scheme will comprise a total of 23,400 sqm of o...