Locked content BGŻ BNP Paribas launches Raiffeisen’s due diligence – media

According to Rzeczpospolita and Parkiet dailies, BGŻ BNP Paribas has launched due diligence of Raiffeisen Polbank, which means that the sale is getting close. “We’re after the management presentation when Raiffeisen’s board presented the lenders current status. Both BGŻ BNP Paribas and BNP Paribas r...

GUS: Trade surplus reaches PLN 7.8 bln in November

At end-November, the foreign trade surplus reached PLN 7.8 billion compared to PLN 16.6 billion surplus last year, according to the Central Statistical Office (GUS). During that period, exports amounted to PLN 802.52 billion (9 percent y/y growth), while imports totaled PLN 794.71 billion (10.4 perc...

Locked content Novaturas mulls dual listing

Lithuanian tour operator Novaturas wants to be floated this year on the Warsaw Stock Exchange and on the Lithuanian Nasdaq, the company said in a market filing. “Novaturas is a leader on a very attractive tourist market in the Baltic countries, with a recognizable brand and a transparent and effecti...

Locked content UZP: Public tenders grew by 14% in 2017

The number of published public tenders in 2017 increased by 14 percent y/y to 280,576, according to data released by the Public Procurement Office UZP. In December alone, that figure increased by some 23,729 tenders, representing a 10 percent y/y increase….

Locked content Książek sells 25% stake in British Automotive Holding.

The majority shareholder of WSE-listed automotive distributor British Automotive Holding, shareholder Mariusz Książek sold 25 percent stake in the company in the accelerated book building process. Initially, Książek wanted to sell 20 percent of the stake. After the transaction, he will control  46.0...

Locked content Getin Noble Bank cancels PLN 750 bond program

Getin Noble Bank canceled its PLN 750 million subordinated bond program, two days after securing proper approval by the Financial Supervision Authority KNF. No reason for the cancellation was given. Under the program, established in July last year, the lender planned at least two issues within the n...

Locked content PGE to book PLN 807 mln in impairments

WSE-listed power utility PGE will book PLN 897 million in impairments on its conventional and renewable generation assets in its financial report for last year, the company said in a market filing. The write-downs include PLN 473 million for its power plant in Szczecin and PLN 110 million for select...

Locked content PERN plans to invest PLN 2 bln by 2020

State oil infrastructure operator PERN wants to spend some PLN 2 bln on investments by 2020, according to company’s CEO Igor Wasilewski. Half of this amount, which does not include costs of acquiring land plots, will be spent on a 240 km long second pipeline connecting Gdańsk and Płock. It also plan...

Locked content Biedronka Lfl sales grow 7.6% in Q4

Retailer Biedronka recorded a 7.6 percent increase in Q4 sales y/y in like-for-like stores, while overall sales increased by 13.5 percent y/y to reach €2.97 billion (in PLN the increase amounted to 9.7 percent y/y), owner Jeronimo Martins stated. In 2017, LFL sales rose 8.6 percent y/y, while overal...

BIK: Seniors have nearly PLN 10k in debt on average

The average debt of a person over 65 years-old is PLN 9,936, according to the Credit Information Bureau (BIK). In value terms, seniors have the most consumption loans (PLN 18.9 billion), followed by mortgages (PLN 6.6 billion), credit cards (PLN 1.1 billion), and debit limits (PLN 0.9 billion).