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...

Locked content PGE to announce tender offer for 66% stake in Kogeneracja

WSE-listed power utility PGE will announce a tender offer in order to reach 66 percent stake in Kogeneracja, the company said in a market filing. This is one of the conditions set up by antitrust watchdog UOKiK, after PGE acquired Polish assets of the French utility EDF. It was ordered to increase i...
Image: Ghelamco Poland

Ghelamco sells Łódź office project for €60 mln

Developer Ghelamco Poland has finalized the sale of the Przystanek mBank built-to-suit office project in downtown Łódź to LCN Capital Partners. The value of the transaction, in which the seller was advised by JLL, amounts to approximately €60 million.
Image: Panattoni Europe

Panattoni developing 75,000-sqm logistics park in Zielona Góra

Developer Panattoni Europe is now working on the first phase of a major logistics park project in Zielona Góra (Lubuskie voivodship) in western Poland, which will comprise a total of almost 50,000 sqm in three buildings and is scheduled to be completed in the first quarter of next year. The entire P...

Newbridge planning more retail park acquisitions

Investor Newbridge, part of the Somerston Group, has announced it plans to acquire more retail parks and local shopping centers in Poland in the near future. However, the company, which is interested in well-located assets that offer extension and re-commercialization opportunities, has not revealed...

Locked content PiS support continuous to grow

According to the latest poll by Kantar Public, if elections took place now, 40 percent of Poles would vote for ruling Law and Justice (PiS), while 17 percent would vote for Civic Platform (PO). PiS support increased by 2 percentage points, while PO’s dropped by 1 percentage point. Other partie...

Locked content Leasing market to reach PLN 66 bln this year

According to sector lobby ZPL, Polish leasing market will reach PLN 66 billion this year. “Total value of new contracts signed by Polish leasing firms will amount to PLN 66 billion in 2017,” head Andrzej Krzemiński said. At end-Q3 the sector grew to PLN 47.9 billion, which is a 12.9 percent y/y incr...

Locked content Poland space program with a PLN 1.4 bln budget

The Polish National Space Program developed by the Polish Space Agency (PAK) has been set at PLN 1.429 billion over the next eight years. It includes works on the development of Polish satellite system as well as support schemes for the private sector, research units, public administration and non-g...

Locked content Morawiecki makes first changes in the cabinet

Recently appointed Prime Minister Mateusz Morawiecki made the first changes to his cabinet. He appointed Marek Suski, deputy head of the parliamentary caucus of the ruling Law and Justice (PiS) as his new chief of staff, and former Deputy Defense Minister Michał Dworczyk as the heat of PM office. Su...