NBP: loans and mortgages up in June

The value of consumer credits grew by 0.7 percent or PLN 1.3 billion in June month-on-month and reached PLN 182.6 billion, Poland’s Central Bank (NBP) announced.

Locked content Polish firefighters arrive in Sweden to help with wildfires

Almost 140 firefighters and 44 fire engines from Poland have arrived in Sweden to help extinguish multiple forest fires in Sweden. Due to soaring temperatures and a deep drought the wildfires spread out of control and Sweden asked other European countries to help contain the situation. Besides Poles...

Locked content LPP lead shareholders to transfer stakes to private foundations

WSE-listed fashion retailer LPP lead shareholders Marek Piechocki and Jerzy Lubaniec transferred their stakes to two private foundations, LPP reported in a market filing. The transfer was done to “secure continuity of the company’s operations and generational succession.” The foundations, Semper Sim...

Locked content Arena.pl to issue new shares. Mulls move to WSE main market

Shareholders of listed on the small-cap, alternative market NewConnect Arena.pl agreed to increase the share capital by issuing 200,000 series H shares at PLN 0.5 apiece with the exclusion of pre-emptive rights and listing these shares on NewConnect or the regulated Warsaw Stock Exchange market, the...

Locked content KNF approves PCC Exol PLN 200 mln bond issue

The Financial Supervision Authority (KNF) approved the PCC Exol prospectus to issue PLN 200 million worth of bonds under the company’s third bond issue program. PCC Exol is the largest producer of surface active agents (surfactants) in Poland and the region of Central and Eastern Europe. It is the o...

Locked content Cognor with €20 mln loan from EBRD

WSE-listed steel producer Cognor will get a €20 million loan from the European Bank for Reconstruction and Development. The funds will be used to modernize its operations, invest in resource efficient equipment and refinance senior secured notes. The loan is part of a larger €69 million syndicate. “...

Locked content Work Service extends Exact Systems sale deadline

WSE-listed HR firm Work Service has, yet again, extended the exclusivity period for selling its shares in Exact Systems until July 31. Back in April, the company signed a framework deal with Exact Systems managers to sell the stake for PLN 162.64 million and expected to sign a preliminary binding ag...