Locked content PGE submits its proposals to clear the takeover of EDF assets

According to Rzeczpospolita daily, PGE has submitted proposals to antitrust watchdog UOKiK which would allow it to takeover the Polish assets of EDF. The proposal includes: selling the coal-fired plant in Rybnik, letting someone else manage it, or increasing the mandatory 15 percent threshold of ene...

Locked content Eurocash faces long wait for UOKiK approval of Mila takeover

WSE-listed FMCG distributor Eurocash might wait at least six months to secure antitrust watchdog UOKiK approval to takeover Mila retail chain, according to the organization head Marek Niechciał. “Mila has 180 shops, we have to check whether it does not significantly infringe competition on all local...

Locked content EBRD to adjust its strategy for Poland

The EBRD could invest €650-700 million in Poland this year, the institution’s manager for Poland Grzegorz Zieliński said, adding that while in the future, that amount will not increase significantly, the scope might change.  “It’s hard to say that after 26 years of transformation that Poland r...

Locked content Pekao to tighten cooperation with PZU, Alior – CEO

According to the CEO of WSE-listed, state-owned Bank Pekao, the lender should increase its cooperation with its owned, WSE-listed insurer PZU, and another lender owned by PZU – Alior. “Our branches have a large potential for bancassurance, while PZU branches for assurbanking,” Michał Krupiński said,...

Locked content PGE Opole plant to be delayed?

The consortium consisting of Polimex-Mostostal, Mostostal Warszawa and Rafako, which is building the PGE coal-fired power blocks in Opole asked to extend the planned completion date by 3-5 months, PGE said in a market filing. If approved, it would put back completion of unit 5 from July 31 to Decemb...

Locked content Azoty with stiff competition for Petrokemija stake

WSE-listed chemicals giant Grupa Azoty has 10 competitors in the running for the stake of Croatian fertilizer producer Petrokemija, according to local media. Competitors include Austrian Borealis, Croatian Prvo Plinarsko Drustvo, Ina, Janaf HEP, three pension funds PBZ, Raiffeisen and Erste, EBRD an...

Locked content Over 37 mln payment cards in Poland in Q2

The number of payment cards in Poland reached 37.77 million at the end of Q2, Poland’s Central Bank (NBP) informed. Overall, 29.2 million debit cards and 5.8 million credit cards have been issued. The overall number remained practically unchanged q/q. The value of transactions carried out with payme...

Locked content NBP: asset management fees should be limited and diversified

Poland should diversify asset management fees of TFIs investment funds based on the investment risk profile, the central bank (NBP) said in its opinion to a draft bill on financial instruments. “The past few years have shown that there is no significant reduction in the level of fees charged to the ...