Locked content Czarnecki to lose his EP post next week?

After the European Parliament’s main political body, the Conference of Presidents decided to propose to the parliament that its Vice President Ryszard Czarnecki be stripped of his function, his fate looks to be sealed. The group leaders decided by the required majority of at least three-fifths of th...

Locked content Sescom mulls move to WSE main market

Listed on the small-cap, alternative NewConnect market technical service provider for chain retail outlets Sescom plans to move the WSE main market this year, the company said in a market filing. “The management board will choose the most favorable date of the debut from the point of view of the com...

Locked content Etos files IPO prospectus

Fashion retailer Etos, owner of the Diverse clothing brand submitted an IPO prospectus to the Financial Supervision Authority KNF. This is the company’s second attempt at being floated at WSE. Back in 2015, the company’s shareholder Abris CCE Mid-Market Fund planned to sell 33 percent stake at PLN 1...

Locked content CCC January sales grow

WSE-listed footwear retailer CCC recorded consolidated revenue of PLN 243.3 million in January, a 21.1 percent y/y growth. Revenue in traditional stores was 10 percent higher than in the corresponding month of last year and amounted to PLN 174.1 million. The firm’s internet sales stood at PLN 58.7 m...

Locked content GetBack acquires €246 mln debt portfolio in Spain

WSE-listed debt collector GetBack acquired debt portfolio with a combined nominal value of €246 million from an unnamed Spanish bank, the company said in a market filing. “Pursuant to the provisions of the agreement, the ownership of the purchased portfolios was transferred after the entity settled ...

Locked content Poland among the top in the EU with FDIs – report

Foreign entities invested €12.89 billion in Poland in 2017, which was the second best result in the EU, according to fDI Markets report. Overall, last year, there were 335 FDIs in Poland which created 86,743 jobs, which was the best result in the whole EU. “The activity of foreign investors in Polan...

Locked content PGE announces tender offer for Kogeneracja shares

WSE-listed power group PGE announced a tender offer for 2.38 mln shares in its cogeneration unit Kogeneracja for PLN 81.8 apiece. After acquiring the Polish assets of EDF, which included Kogeneracja, PGE owned 50 percent plus one share in the cogeneration unit. After the tender, it plans to own 66 p...

Locked content US ‘concerned’ as Israel-Polish diplomatic row continues

The US State Department said that it is concerned that the controversial bill that would make it illegal to blame Poles for crimes committed by Nazi Germany “could undermine free speech and academic discourse” and have “repercussions on Poland’s strategic interests and relationships, including with ...

Locked content Car production inched up in 2017

The number of motor vehicles manufactured in Poland in 2017 amounted to 689.7k, representing a 1.2 percent y/y increase, according to a report by KPMG and PZPM. The production of passenger cars fell by 7.2 percent y/y to 514.7k, while production of commercial vehicles and trucks soared by 39.1 perce...