Locked content KNF approves NanoGroup IPO prospectus

The Financial Supervision Authority KNF approved the IPO prospectus of biotechnology company NanoGroup. The company’s majority shareholders include investment fund GPV (38 percent stake) and Tomasz Ciach (36 percent), the remaining shares are controlled by Startventure@Poland and other investors. Th...

Locked content WSE excludes Open-Net from NewConnect. Suspends Biomax and Aedes

The Warsaw Stock Exchange has excluded the shares of the internet provider Open-Net from being traded on the small-cap, alternative NewConnect market. The decision will go into force on November 30. The reason for the exclusion is the company’s failure to issue financial results. It also failed to s...

Locked content Electricity consumption up 2.65% y/y in September – grid operato...

Electricity consumption increased by 2.65 percent y/y in September to 13.56 TWh, while production grew by 3.13 percent y/y to 13.26 TWh, the national grid operator PSE said. Year-to-date, the consumption amounted to 124.1 TWh, a 2.4 percent y/y increase, while production reached 122.64 TWh, a 3.65 p...

Locked content V4 demands that EU take action on double standards in food quality

The Prime Ministers of the Visegrad Group nations, Poland, Hungary, Slovakia, and Czechia, urged the European Commission to fight double standards of food quality. After several studies have shown that many of the foods sold by multinational producers in eastern Europe contain cheaper, lower-quality...

Locked content PiS with record-high support – CBOS poll

Ruling Law and Justice (PiS) party support has increased by 3 percentage points to 47 percent, according to the poll conducted by CBOS. Civic Platform (PO) was second with 16 percent support, down by 3 percentage points m/m. Kukiz’15 was third with 8 percent support (unchanged). Nowoczesna was...

Locked content PKP PLK cancels PLN 330 mln tender which ZUE won

State-owned railway operator PKP PLK canceled the PLN 330 million tender won by WSE-listed railway infrastructure builder ZUE. The reason given for the cancellation was an accounting error made by the investor. The tender concerned the route linking Chabówka with Zakopane….

Locked content KNF approves Alior’s PLN 1.2 bln bond program

WSE-listed lender Alior Bank secured the Financial Supervision Authority’s KNF approval for its PLN 1.2 billion bond issue program. The bonds will be issued within the 12 months after the approval. With tenors capped at 10 years. The bonds may be either ordinary or subordinated. The bank will seek t...

Locked content Mespila announces mandatory squeeze-out of Paged shares

The majority shareholder in WSE-listed wood processor Paged, Mespila Investments announced the mandatory squeeze-out of the remaining freefloat shares. The owner will buy nearly 10 percent of Paged shares at PLN 59 apiece. The squeeze-out will be conducted on October 17. Mespila recently increased i...