Locked content Poland to launch tender on technology for nuclear plant next year

The Polish government wants to launch the tender on technology for its planned nuclear plant early next year, according to the Energy Ministry. “The Energy Ministry estimates that a tender for selecting technology will be launched in early 2018 at the latest,” the office said in an answer to an MP i...

Locked content PGE planned EDF takeover a threat to competition – UOKiK

After further analysis, Poland’s antitrust watchdog UOKiK said that the planned takeover of  Polish assets by state-owned power utility PGE could pose a threat to competition and limit electricity sales of the commodity exchange TGE. “Increasing PGE’s position may also result in a decline in t...

Czarnecki sets LC Corp sale price at PLN 2.1 apiece

Majority shareholder of the WSE-listed real estate developer LC Corp, Leszek Czarnecki, along with controlled by him consortium including Getin Noble Bank, Open Finance, and Open Life TU Życie set the sale price of its 51.17 percent stake in LC Corp at PLN 2.1 per share. This puts the value of the t...

Locked content Eurocash with a PLN 350 mln deal to buy Mila chain

WSE-listed FMCG distributor Eurocash signed a PLN 350 million contract for the takeover of supermarket chain Mila. “The acquisition of Mila, just as the acquisition of the EKO supermarket chain in January 2017, is part of the strategy of building a nationwide supermarket chain based on cooperation w...

Locked content Ministry of Energy considering options for PGE takeover of EDF assets

WSE-listed, state-owned power utility PGE is considering possibilities on how to be able to takeover the Polish assets of EDF, after antimonopoly watchdog UOKiK said that it has some “major reservations.” “There are some problems because the purchase will result in an excessive concentration of PGE ...

Lower retirement age to cost Poland PLN 54 bln – ZUS head

According to Social Security fund (ZUS) President Gertruda Uścińska the cost Poland will bear between 2017-2021 for lowering retirement age will reach PLN 54 billion. “We’ve analyzed how similar changes to the law in the past affected workers, and we’ve calculated that 82 percent of those able to re...

Locked content Alior to issue PLN 400 mln subordinated bonds

WSE-listed lender Alior Bank plans to sell up to PLN 400 million of subordinated bonds in a private placement issue. The papers will mature in 8 years and will offer variable rate based on WIBOR 6M. The company hopes to issue bonds in October pending market situation. Alior received approval from th...

Locked content KGHM hopes for PLN 20 bln in revenues in 2017

WSE-listed, state-owned copper and silver giant KGHM may bring in PLN 20 billion in revenues this year, if the current prices of commodities, as well currency rates hold, company’s CEO Radosław  Domagalski-Łabędzki said. “If the good sentiment holds, that is copper and silver prices as well as...

Locked content WSE to delist four companies

The Warsaw Stock Exchange will delist four companies from trading on its indexes, the bourse management said in a market filing. The companies include; parcel operator InPost, its owner Integer, Czech artificial fabrics maker Pegas Nonwovens, and Casino operator Olympic Entertainment Group. All comp...