Locked content Kruk to buy Italian collection company

WSE-listed debt collector Kruk will buy 51 percent stake in the collection company operating on the Italian market, the company said in a market filing. Provisions of the offer assume increasing the stake to 100 percent over the next few months. “We are consistently implementing our strategy for 201...

Locked content OncoArendi sets IPO price at PLN 29 per share

WSE-bound biotech company OncoArendi Therapeutics set its IPO price at PLN 29 apiece and will sell 2 million shares, all that it planned to float. This puts the value of the IPO at PLN 58 million, the company said. Individual investors will be able to acquire 140k shares, with the rest going to inst...

Locked content PFR: We’re ready to co-finance Poland’s nuclear plant

Polish Development Fund PFR will co-finance the construction of the first Polish nuclear plant if needed, its CEO Paweł Borys said. “The Polish government and potentially Polish companies are getting close to final talks and if positive decisions are made and Poland will build nuclear power units, t...

Locked content New Millward Brawn poll shows PiS support plummeting

A new survey by Kantar Millward Brown showed that the Law and Justice-led (PiS) right-wing coalition support dropped by 12 percentage points to 28 percent. Opposition Civic Platform (PO) increased by 6 percentage points to 22 percent compared with last month’s poll. Third is Kukiz’15 with 10 percent...

Locked content Open Finance with PLN 18.17 mln 2017 loss

WSE-listed financial advisory firm Open Finance recorded a PLN 18.17 million net loss in 2017, compared to a PLN 19.18 million loss the year before. Operating loss amounted to PLN 28.33 million vs. PLN 153.06 million loss in 2016. Consolidated sales revenues amounted to PLN 351.66 million in 2017 co...

Locked content Poland signs $4.75 billion Patriot deal

Poland signed its largest weapons procurement deal in history by agreeing with the US to buy Raytheon’s Patriot missile defense system for $4.75 billion. “It is an extraordinary, historic moment; it is Poland’s introduction into a whole new world of state-of-the-art technology, modern weaponry, and ...

Moody’s upgrades Poland’s GDP forecast for 2018

Ratings agency Moody’s upgraded Poland’s GDP outlook for 2018 to 4.3 percent from the previous 3.5 percent estimate. The agency added that this forecast is based on the assumption, that the conflict between Warsaw and Brussels will not escalate. “Judicial reform reduces the risk of weakening the ind...

Locked content Elektrobudowa plans to spend PLN 100-150 mln on takeovers

WSE-listed construction and engineering firm Elektrobudowa wants to spend PLN 100-150 million on acquisitions to expand its product range, Deputy CEO Paweł Skrzypczak said. According to CEO Janusz Juszczyk, the company is undertaking “very intensive” efforts regarding potential M&A and prefers b...