Locked content GDDKiA with PLN 5 bln EU financing deal

The General Directorate for National Roads and Motorways (GDDKiA) signed agreements for PLN 5 billion worth of EU financing for six road projects with a total value of PLN 11 billion, the Ministry of Development said. The deals concern construction on parts of the S2, S3, S6, and S7 expressways, as ...

Locked content Czarnecki to sell its stake in LC Corp

Majority shareholder of the WSE-listed real estate developer LC Corp, Leszek Czarnecki plans to sell its stake in the company. Czarnecki, along with controlled by him, Getin Noble Bank, Open Finance, and Open Life TU Życie owns 51.17 percent stake in LC Corp. Czarnecki wants to sell the shares in bl...

Locked content Energa plans terminating deals with renewable firms

WSE-listed power utility Energa plans to annul 22 framework deals with renewable energy peers regarding purchasing of the certificates of origin. The company hopes that it will bring PLN 110 million profit next year, and some PLN 2.1 billion in the future, Energa said in a market filing. According t...

Locked content Echo Investment Q2 profit grows

WSE-listed developer Echo Investment recorded a consolidated net profit of PLN 124.9 million in Q2, up by 10.1 percent y/y. While EBIT plummeted by 82.1 percent y/y to PLN 42.87 million. Revenues dropped by 25..9 percent to PLN 101.71 million. The company plans to hand over 925 apartments and sell 1...