Locked content Unemployment in Poland at 4.5% in November – Eurostat

The seasonally adjusted unemployment rate in Poland stood at 4.5 percent in November, compared to 4.6 percent the month before, the EU statistical office Eurostat said. This is a drop from November 2016, when it stood at 5.6 percent. The pan-European statistics agency, which uses roughly the same cr...

Locked content Książek to sell 20% stake in British Automotive Holding

The majority shareholder of WSE-listed automotive distributor British Automotive Holding, shareholder Mariusz Książek said that he wants to sell up to 20 percent stake in the company in the accelerated book building process. Książek, who is the company’s CEO and controls 66 percent stake in BAH want...

Locked content Sygnity to lose PLN 62 mln on its long-term contracts

WSE-listed IT firm Sygnity will take a PLN 62 million hit on its 2016/17 financial results stemming from risks related to its long-term contracts, including a PLN 51 million digital tax program for the public administration. According to the announcement, the company identified, per the auditor̵...

Locked content Report: 59 M&A deals in Q4

There were 59 merger and acquisition transactions in Q4, three more than in the corresponding period of 2016, according to the report prepared by Fordata and Navigator Capital. The largest group of sellers in the fourth quarter of 2017, just like in the whole year, were private investors, in the fou...

Locked content Inter Cars sales reach PLN 520 mln in December

WSE-listed automotive spare parts distributor Inter Cars have increased their sales by 7.1 percent year-on-year in December to PLN 520.5 million, the company said in a market filing. Sales by the parent company, Inter Cars, grew by 4.5 percent y/y to PLN 402.6 million. Revenue from sales in Poland r...

Locked content Shareholders block Robyg takeover

A group of open pension and investment funds has declared that it will not sell its shares in Robyg to a Goldman Sachs subsidy Bricks Acquisition. The shareholders, who combined control a 51.6 percent stake in Robyg decided that the PLN 3.55 per share offer “does not reflect the fair value of the co...

Locked content Synthos to be delisted

Synthos shareholders will decide at the general meeting scheduled for February 6 to abolish the dematerialization of shares and to withdraw them from trading on the regulated market operated by the Warsaw Stock Exchange, the company said in a market filing. Back in December, the company’s majority s...

Locked content Average Polish household has assets worth PLN 264k – NBP

According to data released by Central Bank NBP, in 2016, the average net assets of Polish household amounted to PLN 264,000.  “The average net assets of a household in 2016 amounted to PLN 263.6 thousand. Its net value was primarily determined by material assets, predominantly the value of the main ...

Locked content Exillon Energy to leave WSE at end-January

The Financial Supervision Authority (KNF) approved the Exillon Energy motion to delist the company’s shares from the Warsaw Stock Exchange on January 30. In August 2017, the Board of Directors of Exillon Energy announced its decision to delist the company from WSE. Exillon Energy is an independent o...