Locked content Best, GetBack acquire over PLN 1 bln debt portffolios

WSE-listed debt collector Best acquired a €230 million unsecured debt portfolio in Italy, the company said in a market filing. Another listed collector, GetBack, won a tender for purchase of portfolio worth a nominal ca. PLN 1.2 billion from an unspecified Polish bank, the company said in a filing. ...

Locked content LPP with 24% revenue growth y/y in November

WSE-listed fashion retailer LPP has posted consolidated revenue from sales of PLN 602 million in November, marking a 24 percent increase y/y. For the January-November period, revenue amounted to PLN 6.13 billion, which is 24 percent higher than in the corresponding period of last year. Internet sale...

Locked content CCC sales grow 27% in November

WSE-listed footwear retailer CCC recorded consolidated revenue of PLN 426.4 million in November, a 27 percent y/y growth. Since the beginning of the year, revenue stood at PLN 3.72 billion, marking a 30.5 percent increase y/y. Revenue in traditional stores was 18.3 percent higher than in the corresp...

Locked content LOT gets its first Boeing 737 Max 8

State-owned airlines LOT received its first out of six ordered Boeing 737 Max 8 planes. The machine is the most modern narrow-body aircraft in the world and will be used for the carrier’s short- and mid-range routes. Polish airline is one of the first in the world with the aircraft, which had its ma...

Locked content KSF leaves anti-cyclical buffer at 0%

Macroprudential body KSF recommended maintaining the anti-cyclical buffer for banks at 0 percent, which was approved by the Polish government, Central Bank NBP reported. “The risk structure and hierarchy in the banking sector have not changed significantly compared to the previous period. In the com...

Locked content KGHM signs PLN 900 mln loan deal with EIB

WSE-listed silver and copper giant KGHM approved a PLN 900 million loan from the European Investment Bank. “The funds acquired through this loan will be used to finance the investment projects being advanced by the Company, which are aimed at modernizing the production line as well as at adapting cu...

Locked content Bricks Acquisition bids on 100% of Robyg shares

Bricks Acquisition, Goldman Sachs’ subsidiary wants to buy 100 percent stake in WSE-listed real estate developer Robyg at PLN 3.55 per share, Robyg said in a market filing. The tender will run from January 2-February 2 and will cover over 289 million Robyg’s shares. It will go through if at least 66...

New retail park opens in Łódź

Investor Trei Real Estate has opened for business its 2,500-sqm Vendo Park retail park in Łódź. This is the sixth project of this chain to have been completed in Poland and the fifteenth in CEE with the company also managing similar schemes in the Czech Republic and Slovakia. The Łódź development ha...

Adgar opens second Brain Embassy in Warsaw

Developer Adgar Poland has opened its second Brain Embassy-branded co-working space in Warsaw, which is located in the Adgar Plaza office complex in the Mokotów district. The area, spanning two floors, is sized more than 2,400 sqm and can accommodate over 380 people. It is targeted at both large, me...