Locked content Alior Bank and PKO BP launch negotiations with Raiffeisen

State-run Polish lender PKO BP  and Alior Bank informed that they have started exclusive negotiations with Austria’s Raiffeisen over the purchase of its Polish unit. “The Bank has entered into negotiations with Raiffeisen Bank International relating to the acquisition by the Bank (direct...

Locked content Rockcastle receives €163.6 mln financing

Mauritius-based investment fund Rockcastle has obtained €163.6 million financing for three shopping centers: Karolinka, Pogoria and Platan. The transaction closed in September 2016, when Deutsche Pfandbriefbank, Helaba and ING Bank have jointly underwritten an investment facility. The shopping centr...

Locked content MF to sell bonds worth up to PLN 7 bln

The Ministry of Finance will sell OK1018, WZ1122 and DS07266 series bonds (maturing in 2018, 2022 and 2026 respectively) on September 22. The total value stands at PLN 4-7 billion. PS1016, WZ0117 and PS0417 series bonds are to be redempted, the Ministry of Finance announced. Also the Ministry plans ...

Locked content TNS poll: PiS leading with 36% support in September

According to the latest poll conducted by TNS, the ruling Law and Justice (PiS) party still can count on 36 percent of the possible ballot, which reflects the same number as in August poll. As much as 17 percent of Poles are willing to vote for the Civic Platform (PO) (1 percent fall), while newcome...

Locked content LPP leases over 4,500 sqm in Posnania

Fashion retailer LPP, the owner of six clothing brands – Reserved, Tallinder, Cropp, House, Mohito and Sinsay, will lease more than 4,500 sqm in the Posnania shopping centre in Poznań. The mall is to be opened in October 2016. The store will feature shop windows of 8m in height. “On it’s openi...

Locked content Dalai Lama visits Poland

On September 20, the Tibetan exiled spiritual leader the Dalai Lama, met with Wrocław City Council members, local officials, academics and artists. The Mayor of Wrocław in his welcome address praised the Dalai Lama’s continued leadership on promoting world peace and religious harmony. The Dalai Lama...

Locked content CCC acquires Russian 3S Retail

Footwear producer CCC’s unit CCC Shoes & Bags acquired a 75 percent stake in Russia’s 3S Retail for RUB 375,000 (PLN 22,300), the company informed in a market filing. Currently, 3S Retail (renamed to CCC Russia) is CCC’s only distributor on the Russian market. Recently in June,...

Locked content Newag posts PLN 220 mln sales in H1

Rolling stock producer Newag recorded PLN 219.07 million in consolidated sales in H1 2016, compared to PLN 411.32 million in the corresponding period last year, the company said. Consolidated net loss amounted to PLN 4.02 million, versus a net profit of PLN 6.86 million in H1 2015. EBITDA fell by 69...

Locked content CBA investigates PKN Orlen, Lotos, KGHM, Azoty and PGZ

The Central Anti-Corruption Bureau (CBA) instituted control procedures at companies fully owned by the State Treasury and all its subsidiaries: fuel groups PKN Orlen, Lotos, copper group KGHM Polska Miedź, chemicals Azoty Group and Polish Armaments Group – PGZ, the bureau announced on its webs...

Locked content Poles won 39 medals at Summer Paralympic Games in Rio

On September 18, the Rio 2016 Paralympic Games were brought to a close. Polish athletes have won a total of 39 medals: 9 golds, 18 silvers and 12 bronzes. “These were very successful games… with people just a little unsatisfied, because they could have been even better. In many cases, we...