Savills to manage M7 properties

Commercial real estate investment company M7 Real Estate has appointed Savills as the manager of five of its properties in Poland. The portfolio includes the RB House and Dwór Hamburski office buildings in Poznań, the Jasna 24 and Wola Plaza office buildings in Warsaw and the Airport House warehouse...

Locked content Kubica closer to returning to F1

Polish driver Robert Kubica set the fastest time by a Williams driver at this week’s Abu Dhabi test bringing him closer to the potential Formula 1 return. The 32-year-old Pole set the best time 0.5 seconds quicker than Renault reserve driver Sergey Sirotkin, who is also being assessed by Willi...

Locked content Two shareholders with tender offer for Comperia.pl shares

Adam Jabłoński and Marek Dojnow, shareholders of the WSE-listed internet portals group Comperia.pl want to buy 1,184,262 shares of the company at PLN 6.56 apiece. Both shareholders combined, currently controls 24.35 percent stake in the company and if the tender offer is successful they will increas...

Locked content PGNiG updates output estimates

WSE-listed gas giant PGNiG released its updated output forecasts for the 2017-2019 period. The company expects to produce 4.5 bcm of natural gas in 2017-2018, while in 2019 it plans to increase it to 4.6 bcm. In the next two years, 3.8 bcm would be extracted from Polish deposits, while in 2019 the v...

Locked content Trakcja with €30.5 mln deal in Lithuania

WSE-listed railway infrastructure builder Trakcja signed a €30.5 million consortium deal with Lithuanian government for the development of the E67 road connecting Kaunas and Marijampole. “The agreement was concluded within the consortium and the net value of the contract is €30,503,447. The [Trakcja...

Locked content JSW appoints Daniel Ozon as CEO

WSE-listed coal miner JSW appointed its to-date acting CEO Daniel Ozon as company’s CEO, the company said in a market filing. At the same time, Ozon resigned from JSW supervisory board, which he was a member of since August 2016. He also worked in the company between 2006-2008 as deputy chairman of ...

Locked content Work Service with PLN 1 mln Q3 profit

WSE-listed HR consultancy Work Service had a PLN 0.96 million net profit in Q3, compared to PLN 10.83 million profit last year. The result was affected by several one-offs, including the sale of its Proservice subsidiary. EBIT amounted to PLN 14.41 million against PLN 17.37 million year earlier. Con...

Locked content Rafako Q3 profit grows

WSE-listed heavy machinery producer Rafako had PLN 16.67 million consolidated net profit in Q3, up from PLN 14.6 million the year before. EBIT was at PLN 29.19 million, compared with PLN 19.28 million the year before, while revenue from sales amounted to PLN 456.8 million, down from PLN 495.55 milli...

Skanska sells Generation Park offices in Warsaw for €83 mln

Developer Skanska has sold building “X” in its Generation Park office project in Warsaw to German investor Hansainvest Real Assets with the transaction being valued at €83 million. This is the second acquisition to have been made by Hansainvest in the office property market in Poland. In December la...

Locked content Poland condemns North Korea’s latest missile test

Poland’s Foreign Ministry strongly condemned the latest North Korea’s IMCB test. “The actions taken by the authorities in Pyongyang violate the existing international commitments and pose a threat to the security and peace in the region, and to the international non-proliferation and arms control re...