Locked content JP Morgan with over 5% stake in GetBack

Funds managed by JP Morgan Asset Management bought 4.3 million shares representing 5.38 percent stake in the WSE-listed debt collector GetBack. The sale of the shares resulted from the settlement of the pre-financing granted to JP Morgan Asset Management by the Haitong Bank in the bookbuilding proce...

Locked content Impera Capital announces buyback program

WSE-listed private equity fund Impera Capital wants to buy 940k of its shares for PLN 1.5 apiece in the first tranche of its buyback program. The number of shares represents 10 percent stake in the company. Impera plans to redeem the shares after their acquisition in order to lower the company’s cap...

Locked content Bank Millennium Q2 profit down, but above market consensus

WSE-listed Bank Millennium, posted a net profit of PLN 173.6 million in Q2 2017, down by 41 percent y/y, but above the market consensus for PLN 169.8 million. Last year’s Q2 results were affected by a large one-off gain from VISA Europe sale. Net interest income was up by 4.5 percent q/q to PLN 429....

Locked content Mobile phone numbers in Poland drops in Q2– GUS

According to data released by Poland’s Central Statistics Office GUS, at end-June, there were 51.7 million mobile phone users, representing 9.6 percent decrease y/y. The figure includes both prepaid numbers (18.4 million) as well as ones with long term contracts (33.3 million). The number of long te...

Locked content Torpol signs PLN 173 mln deal with PKP PLK

WSE-listed railway infrastructure builder Torpol signed a net PLN 174.3 million (gross PLN 213.3 million) deal for works on the 31 and 32 railway line with railway infrastructure firm PKP PLK. The tender concerns routes connecting Hajnówka with other nearby cities. Criteria in the tender were: total...

Locked content Alior Bank sells PLN 250 mln bonds in private placement

WSE-listed lender Alior Bank has closed the book building process for its PLN 250 million private placement bond issue with demand exceeding PLN 400 million, the bank said in a market filing. The 3-year bonds will be unsecured with rates set at WIBOR6M plus 1.19 percent margin. The bonds will be iss...

Locked content Baltic Pipe open session a success

State-run gas transit operator Gaz-System and Danish Energinet will carry on with works on the Baltic Pipe gas link after the first stage of open sessions ended in a success. “The first stage of open season 2017 for the Baltic Pipe project confirmed market’s interest in realization of this pro...