Locked content Sygnity with a PLN 24 mln deal with Polish Post

Software producer Sygnity signed an agreement with Polish Post to deliver a software system with hosting services for a sum of PLN 24 million (gross). The system is set to be delivered by April 30, 2020. Sygnity has had to pay a collateral guaranteeing the delivery of the software in the amount of 5...

Locked content Famur to pay out PLN 253 mln in dividend

Mining machinery producer Famur will pay out PLN 252.9 million in dividend from the 2017 profit and from profit recorded in previous years. The dividend will amount to PLN 0.44 per share. The payout will include PLN 41.1 million of net profit from 2017, and PLN 211.8 million from previous years. The...

Locked content CCC buys Adler stores for PLN 77 million

Footwear retailer CCC purchased 41 agency stores, including four stores under preparation, from Adler International for PLN 77 million, the company stated. The originally signed deal set the price at PLN 68.5 million. “The total transaction value, which included the changes resulting from investment...

Polish food producers at organic food trade fair in New York

Several Polish food producers took part in three-day the 2018 Summer Fancy Foods Show in New York that started on June 30, the largest organic food fair in the US. Deputy Agriculture Minister Jacek Bogucki, who was present at the fair, said that last year Poland sold food to the US for nearly $600 m...

Locked content Pekao on route to merge with Alior – Reuters

Bank Pekao will likely move forward on a merger with Alior Bank, according to two confidential sources cited by Reuters. In late February, Pekao’s CEO Michał Krupiński stated he believed that analysis for a possible merger with Alior Bank would be completed by the end of Q2. Reuters said that the me...

Locked content Economic sentiment down in June

The forward-looking economic sentiment indicator dropped by 0.4 points m/m in June, the Bureau for Investments and Economic Cycles (BIEC) informed. It is currently 3.8 points below its last local peak recorded in January 2017. “The majority of negative signals come from the Warsaw Stock Exchange, wh...

Locked content ATM to pay out dividend of PLN 2.46 per share

The AGM of ATM SA decided to pay out PLN 2.46 per share in dividend for 2017, despite the management board’s recommendation not to pay out dividend this year. The total sum of dividend payouts will amount to PLN 89.4 million. The management board had recommended that the net profit for 2017 should b...

Locked content Grupa Azoty with PLN 1.5 bln additional credit

Chemicals producer Grupa Azoty signed an agreement with four banks: PKO BO, BGK, BZ WBK and ING BSK to increase the amount of its renewable credit signed originally in April 2015 from PLN 1.5 billion to PLN 3 billion, including the refinancing of the original PLN 1.5 billion. The loan is set to be r...

Locked content Orlen’s new Płock energy unit completed

Oli company PKN Orlen signed a delivery protocol with a consortium of Siemens companies which confirms the completion of a new gas and steam power unit in Płock, Orlen stated. The oil concern spent PLN 1.7 billion on the investment. The Płock unit was launched in 2015. The power station has generati...