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...

Locked content Kruk considers delisting as one of the strategic options

WSE-listed debt collector Kruk is currently evaluating possible strategic options for the future and delisting it from the Warsaw bourse is one of them, according to the company’s CEO Piotr Krupa. “It’s one of the possible options. We may find an investor who will want to remain on the exchange. How...

Locked content Polaqua with PLN 596 mln deal for A1 highway section

WSE-listed builder Polaqua signed a PLN 595.5 million deal with road authority GDDKiA to build a 17-kilometer long section of the A1 highway connecting Częstochowa Północ hub with Łódzkie voivodship. The works are expected to be completed within 35 months. This section will link other parts of the h...

Locked content T-Mobile to pay PLN 275 mln to use Orange broadband infrastructure

WSE-listed telecom Orange Polska will provide access to its optical fiber network to peer T-Mobile Polska for PLN 275 million upfront fee, the company said in a market filing. Orange will receive the money in two equal tranches and it will be non-returnable. On top of that, T-Mobile will be paying a...

Locked content Ursus with a deal to launch production in Senegal

WSE-listed farm machinery producer Ursus signed a contract with state-owned Agricultural Bank of Sudan to establish strategic cooperation aimed at launching manufacturing of Ursus tractors and agricultural machinery in Sudan and establishing a network of service centers throughout the country. “The ...

Locked content Poland pushes new laws to replace Supreme Court leader

Ruling Law and Justice (PiS) party adopted another round of amends to the bills on the judiciary, making firing and appointing judges by politicians even easier. The new law allows the government to select new Supreme Court leader when only two-thirds of the positions on the Supreme Court are filled...

Locked content Fuel prices drop

Average fuel prices decreased by PLN 0.03 last week, while diesel prices dropped by PLN 0.06, and LPG prices went up by PLN 0.04, according to BM Reflex, a fuel branch consultancy company. Currently, gasoline sells at PLN 5.09/liter, diesel at PLN 5.02/liter and LPG at PLN 2.32. This week should see...

Locked content PlayWay signs distribution deal with Tencent

WSE-listed game developer PlayWay has signed a contract with Shenzhen Tencent Computer Systems Company Limited to distribute its games on the Chinese market, the company said in a market filing. The first PlayWay game sold in China will be “Demolish & Build 2018.” The release date of the game ha...