Locked content Poland on the verge of World Cup qualification after beating Armenia

Poland beat Armenia 6:1 in an away game in the second to last World Cup qualifying round. Robert Lewandowski scored three goals to become Poland’s all-time highest scorer beating Włodzimierz Lubański. Kamil Grosicki, Rafał Wolski and Jakub Błaszczykowski scored one each. Hovhannes Hambardzumya...

Locked content Hurricane Xavier enters Poland

Hurricane Xavier has hit Western Poland and has already left 500k households without power. One person got injured and many trees were brought down by the wind. Hurricane, which according to meteorologists could reach speeds up to 140 kph, has previously gone through Germany, where it killed 7 peopl...

Locked content Best with PLN 250 mln debt issue

WSE-listed debt collector Best launched a 3-year PLN 250 million bond program, the company said in a market filing. Issues will be either PLN or EUR-denominated and will be offered to institutional investors through a private placement. The bonds will be traded on an alternative market….

Locked content PKP Energetyka with PLN 3.2 bln CAPEX

Railway utility PKP Energetyka plans PLN 3.2 billion CAPEX for the 2017-2025 period, with PLN 1.65 billion to be spent by 2020, company’s CEO Wojciech Orzech said. “Without big investments, this company will not grow,” he explained. “Together with CVC fund [PKP Energetyka owner] we are working to se...

Locked content Grupa Azoty to expand its Police facility for €1.27 bln

WSE-listed chemicals giant Grupa Azoty will expand its planned petchem project in Police, and will build there a polypropylene plant as well. The price tag for the whole project has been set at €1.27 billion, the company said in a market filing. CAPEX is expected at €984 million and the cost of fina...

Locked content Drozapol shareholders want to delist the company

The main shareholders of the WSE-listed steel producer Drozapol-Profi, Grażyna and Wojciech Rybka filed a motion to hold an Extraordinary General Meeting of Shareholders on November 3, during which a resolution on the withdrawal of the company from the stock exchange will be voted on, the company sa...

MF sells PLN 6.82 billion bond swaps

The Ministry of Finance sold PLN 6.82 billion worth of bond swaps on auction on Thursday, in return it acquired PLN 6.63 billion worth of bonds maturing next year.

Locked content Acron might sell Azoty stake ‘for a good price’

Russian chemical firm Acron might consider selling its almost stake in the Polish state-controlled, WSE-listed chemical group Azoty if it was presented with a “good enough” offer, head of Acron’s supervisory board Aleksander Popov said, as quoted by the press agency Tass, adding that the compa...

Locked content PGE secures conditional UOKiK approval for EDF purchase

The anti-trust watchdog UOKiK, granted the conditional approval to WSE-listed power group PGE for the takeover of the Polish assets of EDF. In return, PGE will have to sell all power from the Rybnik power plant (roughly 25 percent of all the generated power) on the power exchange TGE until 2021. “Ex...