Locked content ERBD buys PLN 133 mln worth of PKO BP subordinated bonds

The European Bank for Reconstruction and Development purchased PLN 133 million worth of PKO BP subordinated bonds, from the recent PLN 1 billion issue. “We welcome the successful placement of the PKO BP bond and we are pleased to take part in this transaction. It will help PKO BP to obtain long-term...

Locked content OFE net assets value drop by 5.2% in February

The net assets of the Polish private pension fund (OFE) amounted to some PLN 174.2 billion in February a 5.2 percent month-on-month decrease, according to a report issued by researcher Analizy Online. “The MSCI World index, reflecting the situation on the trading floors in dozens of countries with d...

Locked content Alior launches Bankovo platform

WSE-listed lender Alior launched its digital financial services platform Bankovo, the company said in a market filing. At launch, Bankovo will have products from four partners, InBank, Alior Bank, TakTo Finanse, and SuperGrosz, with 3 additional loan providers and 2 banks being added soon. Ultimatel...

Locked content Amica won’t takeover Fagor

WSE-listed white goods producer Amica offer to takeover the Fagor brand owned by the bankrupt Spanish appliance group Edesa Industrial has expired and Amica will not pursue this opportunity, company’s CEO Jacek Rutkowski said. “Currently, the subject has been suspended if not to say concluded. Our o...

Locked content Bytom and Vistula set new share parity for the planned merger

WSE-listed fashion retailers Vistula and Bytom decided to adjust the share parity in the planned merger to 0.72 from the previous 0.82, meaning that for every Bytom share, its shareholders would receive 0.72 Vistula share. According to the updated merger plan of Vistula and Bytom, the share capital ...

Locked content WSE in talks to acquire Tel Aviv Stock Exchange

According to Parkiet daily, Warsaw Stock Exchange was invited to bid on the 72 percent stake in the Tel Aviv Stock Exchange. The value of the transaction is estimated at some PLN 490 million. WSE confirmed that, along with the state-run Polish Development Fund, it had filed a non-binding offer. Othe...

Locked content Poland to introduce a new fuel tax

The Ministry of Energy is planning to introduce new fuel emissions charge set at PLN 0.08 per liter. According to the office, the new tax will not result in “direct” growth of retail prices. “Introduction of the emission should not result in the direct increase in prices for retail clients,” the min...

EU-US trade war escalates

The European Commission officials on Monday presented EU member states with a €2.8 billion list of over 100 US products that could be affected in response to the US President Donald Trump proposal to place tariffs on European steel and aluminum. The list includes such consumer goods as clothing, cos...