Locked content PGNiG to finalize two US LNG deals by end-2018

WSE-listed, state-run gas giant PGNiG hopes to sign at least two new long-term contracts for LNG supplies from the US by end-2018, deputy CEO Maciej Woźniak said. “In July this year, we announced 20-year contracts for LNG purchases, on the basis of ‘we buy this gas and buy it where we deem it approp...

Locked content GetBack with new offers to bondholders

WSE-listed debt collector GetBack put forward a new offer to its debtor increasing the cash installments to 38 percent from the previous 31 percent. The remainder of the debt would be paid in equity conversion. The company proposes that the repayment of the bondholders will take place in sixteen ins...

Locked content KNF approves Bytom and Vistula merger plan

The Financial Supervision Authority KNF approved the share issue tied to the merger of WSE-listed clothing retailers Vistula and Bytom. According to the merger plan, Vistula Group will receive a 100 percent stake in Bytom. Initially, the companies agreed that one share of Bytom will be exchanged for...

Locked content S3 highway with PLN 1.9 bln financing deal

The Ministry of Investment and Development has informed that it secured PLN 1.9 billion in EU financing for 67 kilometers-long stretch of the S3 highway, which will link Legnica and Lubawka in the Lower Silesia voivodship. “We are under the pressure of time because we want the construction to run as...

Locked content Santander completes Deutsche Bank stake transaction

WSE-listed lender Santander Bank Polska (formerly BZ WBK) finalized the transaction to acquire 274,444,939 shares in Deutsche Bank Polska representing over 10 percent stake for PLN 257.97 million, the company said in a market filing. Back in December last year, BZ WBK signed a contract to take over ...

Locked content Orlen buys oil in Nigeria

WSE-listed fuel giant Orlen purchased 130k metric tons of crude oil from Nigeria and expects a delivery in mid-October, the company said in a market filing. The order is due to “an increased demand” for oil on the Polish market, which according to its CEO Daniel Obajtek has gone up by 30 percent. “T...

Locked content Only 4 IPOs on WSE in Q3 – PwC

There were 4 IPOs on the Warsaw Stock Exchange in Q3, according to PwC “IPO Watch Europe” report. Their total value stood at €8 million.  In Europe, there were 64 IPOs valued at €3.9 billion, which is 53 percent lower y/y. “IPO activity in Warsaw is the weakest since 2003 and once again one of…...

Locked content Alior to extend Ruch’ financing

WSE-listed lender Alior Bank will extend the financing period for troubled press distributor Ruch, the company said in a market filing. The deal was signed with Ruch lead shareholder Lurena Investment. “Will allow for the continuation of the restructuring process for Ruch and finding a strategic inv...

Locked content AmRest trading suspended by WSE

The Warsaw Stock Exchange will suspend the trading of restaurant operator AmRest shares between October 4-8.  The suspension of trade is dictated by the company moving its home deposit of shares to Spain. This is due to the fact that the firm’s headquarters are being moved to Spain as well, and will...

Locked content Medicalgorithmics to review strategic options

WSE-listed medical diagnostic device producer Medicalgorithmics has launched a review of its strategic options, including possible strategic or financial investors and strategic alliances, the company said in a market filing. “The review will allow for the identification of possible directions for t...