Locked content PKP PLK launches modernization tenders worth over PLN 2 bln

State-run rail infrastructure operator PKP PLK launched four tenders worth over PLN 2 billion combined for the modernization of a part of the 131 line connecting Silesia with the Baltic coast (so-called “coal-line”). The tenders concern the Chorzów Batory – Tarnowskie Góry – Zduńska Wola...

Locked content UOKiK greenlights Robyg takeover

Antitrust watchdog UOKiK approved the takeover of the WSE-listed real estate developer Robyg by Bricks Acquisition Limited, a unit of Goldman Sachs, the company said in a market filing. Bricks announced a tender offer for 100 percent of Robyg shares (289 million) at PLN 3.55 apiece. The offer will g...

Echo finalizes €360 mln takeover of four M1 shopping centers

Listed on the Johannesburg Stock Exchange Echo Properties Polska completed the takeover of four M1 shopping centers with 194.4k sqm of GLA for €358.7 million, the company said in a market filing. This is the first part of the bigger, €692 million deal in which EPP will buy eight M1 centers and four ...

Locked content Pesa with new CEO

Bus producer Pesa appointed Krzysztof Sędzikowski as its new CEO. He replaces Robert Świechowicz who lasted only 6 months in this role. He will be the company’s third president in less than one year, as back in June, Pesa’s long-time President Tomasz Żaboklicki resigned Previously, Sędzikowski was a...

Locked content Passenger car registration up by 3.2% in December – Samar

The number of new registrations of passenger cars and vans in Poland in December amounted to 51,161, according to data from sector research firm Samar. The figure grew by 3.24 percent year-on-year and 11.31 percent month-on-month. This was the 33rd consecutive month of growth. Overall, in 2017, as m...

Locked content OFE net assets soar in December. Best year in history

The net assets of the Polish private pension fund (OFE) amounted to some PLN 179.5 billion in September, an impressive 17 percent y/y increase, according to a report issued by researcher Analizy Online. “This is the result of the positive sentiment on the domestic equity markets which increased OFE ...

Locked content Daily sales down 10.1% in November

The sales of Polish daily newspapers has dropped by 10.1 percent y/y to 666,528 copies in November, according to data by The Association of Control of Press Distribution (ZDKP). The top-selling newspaper continues to be tabloid Fakt with 253,089 copies sold daily on average (5.8 percent y/y drop and...

Locked content Tchórzewski: power block in Ostrołęka will be built

According to the Minister of Energy Krzysztof Tchórzewski, state-run power utilities Enea and Energa will go through with the construction of the 1,000 MW power block in Ostrołęka despite bids for its construction exceeding the budget set by utilities. “I don’t think so,” Tchórzewski said when...

Locked content Agora faces up to PLN 95 mln hit on Q4 results from impairments

WSE-listed media group Agora will reevaluate some of its assets in the printing segment as well as Cztery Kąty monthly and the classified ads website group Trader.com, the company said in a market filing In total, write-offs may reduce the group’s operating result for Q4 by PLN 70-95 million. ...