Locked content R22 sets IPO price at PLN 17.5

IT and telecom group R22 set its IPO price at PLN 17.5 and will sell 5.2 million shares, including 1.7 million existing ones. Only 250k shares will be sold to retail investors with the remainder being offered to institutional ones. The maximum price in the IPO was set at PLN 23 apiece. “The strategy...

Locked content KGHM doesn’t secure environmental approval for Canadian project

British Colombia authorities announced that they will not be issuing an environmental certificate for its Ajax copper and gold mine, owned by WSE-listed KGHM. British Columbia said on Thursday the adverse effects of the project would outweigh any benefit. The province’s decision follows a seven-year...

Locked content Sejm approves new electoral laws

Ruling Law and Justice (PiS) party passed the law giving the parliament, the right to nominate seven out of nine members of the State Electoral Commission PKW. Currently, that right is reserved for the country’s top courts. On top of that, the interior minister will be able to nominate all candidate...

Locked content EU: Compromise on refugee reforms by July

EU leaders picked July as a deadline for solving the bloc’s migrant crisis, and come up with the working plan to relocate some 160,000 refugees that landed in Greece and Italy from the Middle East. So far only 35,000 of them have been transferred to other member states. With some countries, like Pol...

Locked content AAT Holding plans delisting

WSE-listed security system developer AAT Holding and its majority Lock Syndication, have signed an agreement regarding the withdrawal of the company’s shares from trading on the Warsaw Stock Exchange, the company said in a market filing. “In connection with the above, the company’s Manag...

Morawiecki: I expect EU to launch Article 7 procedure

Newly appointed Prime Minister Mateusz Morawiecki said during his first trip to Brussels in a new role, that he fully expects that the European Commission will launch Article 7 procedures against Poland. “If a process has started and, as far as I understand, the decision has already been made that n...
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Putin to Poland: ‘grow up’

Russian President Vladimir Putin during his annual meeting with the members of the press, when asked about the Smoleńsk plane crash said it was time for Poland to move beyond the plane crash, turn a new page, and “grow up.”

Locked content Two PO senators join PiS

Senators Andrzej Misiołek and Leszek Piechota announced that they’re leaving the opposition Civic Platform (PO) to join the ruling Law and Justice (PiS). The reason for this decision is a statement from PO MP Borys Budka who said back in August that “the EU should give Poland an ultimatum” regarding...

Locked content PKL to enter WSE

Cable car company Polskie Koleje Liniowe passed a resolution regarding the dematerialization of shares and the application for admission and introduction of shares to trading on the Warsaw Stock Exchange, the company said in a market filing. “During PKL’s public offering, every adult Pole will...

Locked content Government support at 43% – Kantar Public poll

As many as 43 percent of the respondents believe that the government is doing a good job, while 44 percent thinks otherwise, according to a poll conducted by Kantar Public. The supporters number contracted by 1 percentage points m/m, while the number of opponents remained the same PM Beata Szydło (t...