Locked content Ministry of Energy considering options for PGE takeover of EDF assets

WSE-listed, state-owned power utility PGE is considering possibilities on how to be able to takeover the Polish assets of EDF, after antimonopoly watchdog UOKiK said that it has some “major reservations.” “There are some problems because the purchase will result in an excessive concentration of PGE ...
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Lower retirement age to cost Poland PLN 54 bln – ZUS head

According to Social Security fund (ZUS) President Gertruda Uścińska the cost Poland will bear between 2017-2021 for lowering retirement age will reach PLN 54 billion. “We’ve analyzed how similar changes to the law in the past affected workers, and we’ve calculated that 82 percent of those able to re...

Locked content Alior to issue PLN 400 mln subordinated bonds

WSE-listed lender Alior Bank plans to sell up to PLN 400 million of subordinated bonds in a private placement issue. The papers will mature in 8 years and will offer variable rate based on WIBOR 6M. The company hopes to issue bonds in October pending market situation. Alior received approval from th...

Locked content KGHM hopes for PLN 20 bln in revenues in 2017

WSE-listed, state-owned copper and silver giant KGHM may bring in PLN 20 billion in revenues this year, if the current prices of commodities, as well currency rates hold, company’s CEO Radosław  Domagalski-Łabędzki said. “If the good sentiment holds, that is copper and silver prices as well as...

Locked content WSE to delist four companies

The Warsaw Stock Exchange will delist four companies from trading on its indexes, the bourse management said in a market filing. The companies include; parcel operator InPost, its owner Integer, Czech artificial fabrics maker Pegas Nonwovens, and Casino operator Olympic Entertainment Group. All comp...

Locked content Skarbiec deal finalized. Investor with threefold ROI

Private equity fund Enterprise Investors finalized the sale deal of a 43.86 percent stake in asset manager Skarbiec Holding to real estate developer Murapol. Murapol acquired the 33 percent stake back in June for PLN 75.2 million, and on Thursday it bought the remaining 10.86 percent for PLN 11.4 mi...

Locked content Poland drops in the latest FIFA ranking

Polish men’s national football team has been placed 6th in the latest FIFA ranking. Compared to last month’s record-high standing, Poland dropped by one spot. Among the European teams, it was ranked 4th. Germany regained the lead, overtaking Brazil. Portugal advanced to the fourth spot. ...

Locked content AmRest Q2 profit below expectations

WSE-listed restaurant operator AmRest posted a PLN 33.1 million attributable net profit in Q2, below consensus expectations for PLN 37.5 million, mostly due to increased costs. Revenues amounted to PLN 1.24 billion, in line with expectations and 27.2 percent y/y increase, in line with preliminary fi...

Morawiecki: exports to exceed €200 bln this year

According to deputy PM Mateusz Morawiecki, exports of Polish goods and services could exceed €200 billion for the first time this year. “After first six months of the year, exports grew by 8.4 percent y/y, reaching €99 billion. We have a chance to exceed €200 billion this year, which will be a great...