Locked content Paged: buyback price is ‘fair’

WSE-listed wood processor Paged said that the PLN 57.63 price tag in a tender offer for its shares is fair and the company would benefit from being delisted. “It is in the interests of the company to stabilize its shareholders and to become a private company, as the diversified strategy of the compa...

Locked content GetBack to issue PLN 40 mln in bonds

WSE-listed debt collector GetBack wants to raise up to PLN 40 million from the fourth bond issue of its bond issue program, the company said in a market filing. The bonds will mature in 3.5 years and have a variable interest rate based on WIBOR 3M plus 4 percent margin annually. Investors can subscr...

Locked content Online train tickets still not popular in Poland

In 2016, railway passengers in Poland bought 16 million tickets online or through a mobile app, according to the Rail Transport Office, representing some 5 percent of all tickets sold last year. Most passengers are buying tickets in a more traditional way, 56 percent of them were sold by ticket offi...

Locked content WSE suspends Medical Cannabis trading

The Warsaw Stock Exchange suspended the trading of Medical Cannabis shares on the small-cap, alternative market NewConnect. The bourse will lift the suspension when the company will appoint new management, as the previous CEO Wojciech Skiba announced his resignation from the post, and no one was app...

Locked content H + H files motion for Silikata Group takeover

Polish subsidiary of H + H has submitted an application to the Office for Competition and Consumer Protection (UOKiK) for approval to take control of the Silikata Group. H + H is a manufacturer and seller of autoclaved cellular concrete blocks and tiles as well as mortars for joining concrete cellul...

Locked content POPiHN: the number of gas stations inches down in Q2

According to sector lobby organization POPiHN, Poland had 6,514 gas station at end-Q1, which is 22 less than at the end of Q1. According to data, 33.8 percent of the facilities is controlled by Polish companies, 26.5 percent is owned by independent operators, while 22.2 percent is run by foreign ent...

Locked content Poland spent PLN 29.7 bln on Family 500+ so far

Poland paid out PLN 29.7 billion under the Family 500+ program so far, Minister of Family, Labor and Social Policy, Elżbieta Rafalska said. In 2017, the program has cost the government PLN 12.1 billion so far, and according to its estimates, it will spend PLN 24.5 billion on it this year. The Family...

Locked content WB Electronics in talks with potential investor

Arms producer WB Electronics shareholders have begun talks with a potential financial investor, the company said. “The potential changes in the company’s shareholding structure are seen in line with the interests of the company and its shareholders, and could result obtaining additional funding from...

Locked content Syginty reaches deal with creditors

WSE-listed IT group Sygnity said that it has struck preliminary terms with creditors for three months of emergency financing during which both sides will negotiate long-term debt restructuring plan, the company said. According to Sygnity, the deal is non-binding, and its details should be announced ...

Locked content Energa sues Mostostal for PLN 106 mln

WSE-listed, state-owned utility Energa, through its subsidiary Energa Kogeneracja has filed a lawsuit against WSE-listed builder Mostostal Warszawa. Energa is seeking PLN 106.4 million in damages as it claims that the biomass block with 20 MWe capacity build by Mostostal failed to reach technologica...