Locked content R22 sets maximum IPO price at PLN 23 per share

Internet hosting and web domain provider R22 set the maximum price in its IPO at PLN 23 apiece and will offer up to 3.5 million new issue shares along with up to 1.7 million shares sold by current shareholders, the company said in the issue prospectus. The company hopes to raise PLN 80 million from&...

Locked content Goldman Sachs, Standard Chartered to create 750 new jobs in Poland

According to Reuters Goldman Sachs plans to hire 250 employees in Poland, while Standard Chartered wants to open new hub here with 500 potential workplaces. Goldman Sachs spokesman confirmed that the investment bank plans to increase its headcount from the current 525 to 750-800. The new jobs will p...
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Morawiecki to replace Szydło – media

According to various media sources, ruling Law and Justice (PiS) party leader, Jarosław Kaczyński plans to replace current PM Beata Szydło with Deputy PM Mateusz Morawiecki. The change could happen as soon as next week.

Eurostat: Retail sales up by 7.1% in October

The volume of seasonally adjusted retail trade in Poland grew by 7.1 percent year-on-year in October, according to a data release from the EU’s statistics office Eurostat. In month-on-month terms, it increased by 0.6 percent.

Locked content Daily sales down 12 % in October

The sales of Polish daily newspapers has dropped by 12 percent y/y to 658,050 copies in October, according to data by The Association of Control of Press Distribution (ZDKP). The top-selling newspaper continues to be tabloid Fakt with 247,342 copies sold daily on average (7.3 percent y/y and 0.5 per...

Locked content KNF issues new dividend regulations

Financial Supervision Authority KNF set rules for several types of companies regarding dividends payouts for 2017’s profit. Insurers will be able to pay out up to 75 percent of its profits when they meet regulatory and solvency ratings. While the cap will be set at 100 percent for extra-solvent insu...

Locked content Cyfrowy Polsat announces tender offer for 34,24% Netia stake

WSE-listed telecom Cyfrowy Polsat announced a tender offer for 119.35 million Netia shares, representing 34.24 percent stake at PLN 5.77 apiece. The shares will be bought by Polsat’s owner Zygmunt Solorz investment firm Karswell (84.69 million) and Cyfrowy Polsat. The tender will run through January...

Locked content PZU to finish Alior-Pekao merger analysis soon

PZU hopes to end the analysis of the potential merger between Pekao and Alior Bank after the New Year, PZU CEO Paweł Surówka said. He added that the merger is not the only option considered. “We are analyzing, the work is on the side of the banks, we are calmly waiting for what will happen,… ...