Locked content ASM Group looks into new acquisitions abroad

ASM Group is exploring possible new acquisitions abroad, primarily in Western, Central and Eastern Europe. Last week ASM Group bought German Grupa Vertikom. The company CEO Adam Stańczak said that, following the expansion in Italy, it was a natural step to enter DACH region (Germany, Austria, and Sw...

Locked content Triggo plans to debut on NewConnect

The developer of electric vehicles Triggo plans initial public offering (IPO) on NewConnect at the end of 2018- the beginning of 2019. The company wants to raise €2.5 million in IPO and to operate on the car-sharing market. Triggo works on the development of an electric microcar, which should be an ...

Locked content Infoscan plans selling MED Recorder in US and Asia

Telemedicine and remote diagnostics devices producer Infoscan plans to launch sales of remote sleep apnea tests in the US and South-East Asia in Q3. Currently, the company is in talks with several sleep clinics networks regarding the use of MED Recorder tests. The company expects to obtain FDA certi...

Locked content Kino Polska TV buys 41.14% stake in Stopklatka

Kino Polska TV acquired 41.14 percent shares in Stopklatka from WSE-listed media group Agora. The deal value is PLN 32.2 million, or PLN 7 per share, Kino Polska TV informed. Agora said in a statement that the transaction will have a positive impact on the group’s net result in Q2. It is estim...

Locked content Redan plans to buy additional shares in TXM

WSE-listed clothing company Redan intends to buy newly issued shares in its subsidiary TXM valued PLN 5 -7 million. Redan plans to finance the transaction with a bond issue of PLN 11-13 million nominal value. Redan added that it is also in talks with 21 Concordia 1, which is the second biggest share...

Locked content Used cars imports up 9% y/y in January-May

Over the first five months of the year, Poland imported 381,895 used passenger cars, marking a 9 percent increase compared to the corresponding period of last year, industry association PZPM stated. In May alone 77,130 passenger cars were imported, which is 3.9 percent more than in May 2017. Over a ...

Fitch: economic growth to taper off in 2020

Ratings agency Fitch expects Poland’s economic growth to slow down to 2.9 percent in 2020, from 3.4 percent in 2019 and 4.4 percent in 2018, the agency stated. The agency raised its projections for inflation in 2018-2019 to 2.5 percent at the end of this year (from a previous forecast of 2.3 percent...

Locked content 50% of spring cereal affected by drought

Nearly 50 percent of spring cereal is vulnerable to drought, the ministry of agriculture informed. Additionally, some 40 percent of strawberry and fruit trees and bushes are also affected by the drought. Farmers can apply for damages. The drought has affected all regions, particularly the Lubuskie, ...

Locked content Budimex wins contract for PLN 547 mln

The offer of PLN 546.75 million placed by Budimex for the design and construction of a section of the S61 expressway Szczuczyn-Budzisko has been selected by the General Inspectorate for National Roads and Motorways (GDDKiA). The construction is to be completed within 29 months of signing the agreeme...

Locked content Globalworth Poland raises €450 mln in private issue

In a private offering Globalworth Poland RE sold 286.6 million shares and raised €450 million, the company stated. The funds will be earmarked for acquiring new properties and repayment of loans, as well as for its corporate goals. The company also stated that it will allocate PLN 48.7 million for d...