Locked content WSE turnover drops in February

Equity turnover on the main market of the Warsaw Stock Exchange in February amounted to PLN 16.8 billion, a 22.4 percent year-on-year decrease, the stock exchange has announced. The bourse also announced that turnover on the bond Catalyst market amounted to PLN 273 million in February, a 43.6 percen...

Locked content Gaz-System: gas transmissions reached record-high last year

Last year, as many as 19.7 billion cubic meters of gas was transmitted through the Polish pipelines, state-run gas infrastructure operator Gaz-System said. This was a 9 percent y/y growth. “This information confirms the increase in natural gas demand in Poland, and we believe that the construc...

Locked content Bank tax reached PLN 3.6 bln in 2017 – KNF

The value of the banking tax paid by lenders last year amounted to PLN 3.63 billion, the Financial Supervision Authority said. “Last year, banks made a profit of PLN 13.6 billion. This is 2.3 percent lower than the year before however, this difference is primarily due to a one-off sale of shares Vis...

Locked content Fuel prices rebound

Average fuel and diesel prices increased by PLN 0.03 last week, while LPG prices dropped by PLN 0.01, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 4.63/liter, diesel at PLN 4.53/liter and LPG at PLN 2.03. “There is a chance that due to a further decreas...

Locked content Bricks announces squeeze out of Robyg shares

Bricks Acquisitions, a Goldman Sachs subsidiary and new owner of WSE-listed real estate developer Robyg, launched squeeze out on some 5.44 million company’s shares representing 1.84 percent at PLN 4 apiece. The new owners tendered over 98 percent stake at PLN 4 per share, the company said back in Fe...

Locked content GetBack to hopes to raise PLN 1 bln through private placements

WSE-listed debt collector GetBack plans to raise PLN 1 billion from private placements to deleverage and maintain market position, the company’s CEO Konrad Kąkolewski said. “PLN 1 billion for the firm will allow us to continue our rather high profitability and strongly satisfy our balance sheet,” he...

Locked content Comarch signs flagship ZUS deal

WSE-listed IT firm Comarch signed the long-awaited deal to service the core KSI IT system of Poland’s social security ZUS for a maximum gross PLN 242 million. Comarch filed the best offer back in November, beating, among others. The PLN 374 million offer from the current system maintainer WSE-...

Locked content PGNiG to deliver gas to Ukraine, after Gazprom shutdown

WSE-listed, state-run gas giant PGNiG signed an ad hoc agreement on supplying over 60 million cubic meters of natural gas to Ukraine, after Russian Gazprom suspended deliveries to Kiev. “The current situation related to gas supplies proves that our decision to diversify sources of supply was right. ...

Locked content PFR with preliminary investment deal for Pesa

The Polish Development Fund (PFR) has signed a preliminary agreement regarding investment in rolling stock producer Pesa. “The Polish Development Fund has concluded an initial agreement regarding the investment in PESA and currently has the right to exclusive negotiations,” PFR CEO Paweł Borys said....

Locked content UOKiK approves Deutsche Bank Polska sale

The antitrust watchdog UOKiK approved the takeover of the Polish assets of Deutsche Bank by WSE-listed lender BZ WBK. Back in December BZ WBK has signed a deal to buy Deutsche Bank’s Polish assets for PLN 1.29 billion. The deal includes retail banking, private banking, business banking and DB Securi...