Locked content Aramus main shareholders plan delisting from NewConnect

Main shareholders of Aramus signed an agreement regarding a purchase of company shares and subsequent delisting of Aramus from NewConnect. Shareholders Piotr Sumara and Konrad Sumara plan to announce a tender offer for Aramus shares. As of today, Piotr Sumara owns 2.5 million Aramus shares, which eq...

Locked content Orange Polska and Huawei test 5G technology in Gliwice

Orange Polska and Huawei launched a station supporting 5G technology in Gliwice. These are the first tests in Poland carried out outside a laboratory. They will allow evaluating the impact of high buildings and atmospheric conditions on 3.4-3.6 GHz frequency. Orange Polska said that it is a new stag...

Locked content Esotiq Q2 net profit up at PLN 3.45 mln

Consolidated net profit attributable to shareholders of clothing and cosmetics company Esotiq & Henderson grew to PLN 3.45 million in Q2 compared to PLN 0.89 million a year ago. Operating profit increased to PLN 3.96 million from PLN 1.19 million in Q2 2017. Revenue amounted to PLN 39.0 million,...

Locked content Electricity consumption up 3.1% in August – PSE

In August electricity consumption in Poland grew by 3.1 percent y/y to 14.0 TWh, according to the national grid operator Polskie Sieci Elektroenergetyczne (PSE). In the 8-month period, electricity consumption increased by 2.25 percent versus a year ago to 113.0 TWh. Electricity production in August ...

Locked content Auto Partner plans opening 5 branches in Poland in 2018

Car parts distributor Auto Partner plans to open five branches in Poland this year and 10 branches in 2019, board member Piotr Janta said. He added that in 2019 the company may take further steps to develop abroad. So far this year Auto Partner opened three branches in Poland expanding its network t...

Locked content Soho Development plans share buyback for PLN 24 mln

WSE-listed investor Soho Development wants to buy back 7.3 million own shares at a price PLN 3.27 per share. In total, the company plans to spend PLN 24 million. Soho Development plans to finance the acquisition of shares with funds from completed development projects, including SOHO Verbel and Soho...

Hines sells Proximo II office building in Warsaw

Developer Hines, acting on behalf of the Hines Russia & Poland Fund, has sold the Proximo II office building in Warsaw to the CSNF investment fund, which is managed by REICO. Located in the Rondo Daszyńskiego area of the Wola district of the Polish capital, Proximo II offers over 20,600 sqm of o...

New outlet center in northern Poland

Investor DNB Assets Holdco will develop an outlet center project in Rumia in the Tri-city area. Called Pomerania Outlet, the scheme will be built on the site of the existing Galeria Rumia shopping center, which will be remodeled. The planned development will comprise a total of more than 16,700 sqm ...

Asbud pleased with offices for sale formula

Developer Asbud Group has revealed it has already commercialized 80 percent of the space available in its ongoing MetroPoint Office project in Warsaw. The eleven-floor scheme is located in the Rondo Daszyńskiego area of the Wola district of the city and will comprise approximately 8,800 sqm of GLA. ...