Locked content Remango submits Exact Systems takeover motion

Remango Investments submitted an application to the antitrust watchdog UOKiK regarding the takeover of control over Exact Systems. The application was filed on August 16, the case is pending. Back in May, Work Service signed the framework conditions for the sale of all its 69 percent stake in the Ex...

Locked content AmRest to redeem early PLN 140 mln bonds

WSE-listed restaurant operator AmRest plans to early redeem PLN 140 million worth of bearer bonds on September 28, instead of their original redemption date of September 10, next year, the company said in a market filing. “The early redemption of the Bonds at the request of the Issuer will be carrie...

Play Q2 profit beats consensus

WSE-listed telecom operator Play Communications recorded a consolidated net profit of PLN 159.7 million in Q2, above the PLN 171.8 million consensus and way up by 412 percent y/y (30.6 percent q/q growth).

Locked content Dunkin’ Donuts leaves Poland. Again

After two and a half years of operations, Dunkin’ Donuts announced that it is closing its Polish outlets effective immediately, the company announced on its social media accounts. This was not the company’s first attempt to operate on the Polish market. The first ended in 2002, after six years of ac...

Locked content EC approves €145 mln funding for Polish gas link

The European Commission has approved €145.5 million in funding to build the 168-kilometers gas pipeline Pogórska Wola-Tworzeń. The gas link is part of the North-South corridor of the European Network of Transmission System Operators for Gaz (ENTSOG). “This gas pipeline supported by the EU funds is a...

New state-run economic think tank established

President Andrzej Duda on Monday signed the act establishing the Polish Economic Institute. The new institution will replace the current the Institute for Market, Consumption and Business Cycles (IBRKK).

Locked content Amica buyback tender a failure

WSE-listed white goods producer Amica failed to attract any bids from shareholders in its tender offer for the company’s shares, the company said in a market filing. Amica offered PLN 120 per share. Under the company’s buyback program, Amica planned to purchase up to 250,000 own shares for the maxim...

Locked content Smyk files IPO prospectus

Toys and children clothing retailer Smyk filed an IPO prospectus with the Financial Market Supervision KNF on July 24, the regulator said on its website. Back in June, media reported that the company’s owner, private equity fund Bridgepoint is considering such move. Smyk was bought from Empik in May...