Locked content Orange and T-Mobile sign preliminary fiber optics deal

WSE-listed telecom Orange Polska has signed a letter of intent with its peer T-Mobile Poland to grant it access to fiber optic network for bitstream access (BSA), the company said in a market filing. The letter is valid till June 30, 2018, and if signed by both sides it would lead to Orange offering...

Locked content Duda signs judicial overhaul bill

President Andrzej Duda has signed into law two bills overhauling the judiciary. “These were my bills, there was no reason not to sign them. I would like these bills to be thoroughly analyzed by the European institutions so that there would be a fact-based discussion, not political activity,” he said...

EU launches Article 7 procedure against Poland

In an unprecedented move, the European Commission will ask other EU member states to declare that Poland’s judiciary overhaul constitutes “a clear risk of a serious breach of EU values.” If the states agree, Warsaw’s voting rights would be suspended.

Locked content PZU enters the Lloyd’s market

WSE-listed insurer PZU has entered the Lloyd’s market by becoming the shareholder of Argenta Syndicate Management Limited, one of Lloyd’s subsidiaries. “Argenta’s activity profile in the areas of insurance for the energy sector and large assets is similar to the business profile of PZU o...

Locked content Police reverses the deal to buy Senegalese firm

Police, a subsidiary of WSE-listed chemicals group Azoty has signed a conditional deal to reverse the purchase of Senegalese phosphate firm Afrig. It will get back $28.85 million it initially paid for the asset, the company said in a market filing. The amount will be paid back in installments by end...

Locked content Alior to get PLN 94 mln in BPH purchase-related settlement

WSE-listed Alior Bank will get PLN 94.3 million from GE as part of the settlement agreement related to the purchase of BPH in late 2016, the bank said in a market filing. “The settlement relates to the acquisition of a part of BPH’s assets and certain other claims, costs, and payments related ...

Locked content JSW plans PLN 18.9 bln in CAPEX till 2030

WSE-listed coal miner JSW will spend some pLN 18.9 billion in CAPEX between 2018-2030 to secure new deposits, increase coking production and expand capacity and efficiency, the company said in its new strategy. Thanks to investments, JSW wants to increase coal extraction to 18 million metric tons, a...

Locked content PGE to sell energy on Facebook

WSE-listed utility PGE announced that it will sell energy and heat to its users through Facebook. “PGE has launched a special digital tool for Facebook users.The chatbot’s task is to quickly and efficiently identify the needs of current and potential PGE customers based on the responses they p...

Locked content Cloud Technologies to spend PLN 18 mln on buyback program

Listed on the small-cap, alternative NewConnect market, marketing IT company Cloud Technologies will launch a tender offer for 920k of its shares. The company will allocate up to PLN 18 million for the plan and is willing to listen to any offers between PLN 0.1-PLN 120 per share. Shareholders wishin...

Locked content Orlen closer to full Unipetrol takeover

The largest minority shareholder of Czech Unipetrol, Paulinino will sell its stake to WSE-listed fuel giant PKN Orlen, the company said. Paulinino, which owns 20 percent stake in Unipetrol decided to sell as it expects the high performance in the sector would be hard to maintain. “Such favorable mac...