Locked content Allegro’s new owners looking for more deals in Poland

The three private equity funds that bought Polish auction website Allegro from South Africa’s Naspers last week are targeting more investments in Poland and in the region, they said. Cinven, Permira, and Mid Europa bought Allegro and Ceneo from Naspers for $3.25 billion in one of Poland’...

Locked content Fachowcy.pl Ventures to debut on WSE in Q2 2017

Fachowcy.pl Ventures is set to reach the break-even point at the end of this quarter and move to the main market of the Warsaw Stock Exchange (WSE) in the second half of 2017, company president Peter Surmacki announced. “According to our forecasts, the current rate of growth of new contracts indicat...

Locked content Toyota to invest PLN 650 mln in Wałbrzych and Jelcz

Toyota is set to invest PLN 650 million in its Polish plants to launch production of hybrid transmissions in Wałbrzych and two new gasoline engines in Jelcz-Laskowice. The auto giant’s total investment in Poland will rise to over PLN 4 billion, Deputy Prime Minister and Minister for Developmen...

Locked content PKN Orlen profits rise sharply y/y in Q3

PKN Orlen recorded a net profit of PLN1.53 billion in Q3 of 2016 compared to 795 million a year earlier, the company announced. The operating profit rose to PLN 1.77 billion, up from PLN 1.16 billion a year earlier, while the EBITD result rose y/y to PLN 2.31 billion from PLN 1.63 billion. However, ...

Locked content Sławomir Nowak to head Ukraine’s State Agency for Roads

Slawomir Nowak has become the new head of the State Agency for Roads of Ukraine (Ukrawtodor). This is equivalent to Poland’s General Directorate for National Roads and Motorways. The former Polish transport minister will be responsible for the development of Ukraine’s road network. This ...

Locked content Kruk to buy debts from UniCredit worth PLN 4 bln

ItaCapital s.r.l. based in Milan, a subsidiary of Kruk, has entered into binding agreements with entities belonging to the UniCredit Group in Italy – Milan-based UniCredit S.p.A. and Verona-based Arena NPL One S.r.l. – for the purchase of receivables from unsecured consumer loans with a total nomina...

Locked content Britain to cut immigration to 1/3 of current level

British Prime Minister Theresa May plans to reduce the level of net migration to the UK to less than 100,000 people a year, which is three time lower than the present level, according to a document released on Tuesday by the British Cabinet Office. The document states that May has set up a committee...