Locked content WSE suspends trading of 5 NewConnect companies

WSE management suspended trading of six companies, listed on the small-cap, alternative NewConnect market. They include steel and aluminum construction elements producer Alkal, real estate firm Grupa Jaguar, HR company Loyd, fuel distributor Momo, and sports infrastructure company Polscy Inwestorzy....

Locked content Fortuna announced delisting

Shareholders of WSE-listed betting company Fortuna have decided to delist the company from Warsaw and Prague bourses, Fortuna said in a market filing. Back in January, Fortbet Holdings, the company’s majority shareholder launched a tender for 0.68 percent of the company’s shares listed on WSE at PLN...

Locked content Azoty file an offer for German Compo Expert

WSE-listed chemicals group Azoty has filed a non-binding offer to buy German fertilizer producer group Compo Expert, Azoty said in a market filing. Compo Expert is a global, specialty fertilizers. Its owner is a British XIO Group. “The product offer of Compo Expert would expand the product portfolio...

Bogdanka dismisses CEO

WSE-listed coal miner Bogdanka dismissed its CEO Krzysztof Szlaga. The company named its Deputy CEO Sławomir Karlikowski as acting CEO and will seek a new head.

Locked content LPP with PLN 302 mln Q4 net profit

WSE-listed fashion retailer LPP recorded PLN 302 million net profit in Q4 up by 90.9 percent y/y according to the company’s early estimates. The group’s revenue stood at PLN 2.14 billion, a 15.8 percent y/y growth, while gross profit from sales amounted to PLN 1.23 billion. For the full 2017, the co...

Locked content Deutsche Bank to sell 1.2 mln BZ WBK shares at PLN 380 apiece

Deutsche Bank sold 1.2 million shares (1.2 percent stake) in WSE-listed lender BZ WBK in an accelerated book building at PLN 380 apiece. The demand was over 2.5 times higher. “The shares were borrowed from Santander prior to the sale. After settling the placement to be held on February 20, the selle...

Locked content Poland announces details of the employer-sponsored pension plans

The government announced the details of its planned employer-sponsored pension plans PPK. Depending on the scenario it hopes to boost the capital market with PLN 15-32 billion per year by 2021. The baseline scenario assumes that employers and employees contribute the minimum combined 3.5 percent of ...

GUS: Inflation at 1.9% in January

Poland’s inflation rate stood at 1.9 percent in January year-on-year, the Central Statistical Office (GUS) confirming the previously released flash estimate.

Locked content ZUE with PLN 0.1 mln net profit

WSE-listed builder ZUE had PLN 0.1 million net profit last year, according to the company’s preliminary results. Revenues stood at PLN 465.3 million, while EBIT amounted to PLN 1.64 million. “In the fourth quarter of 2017, as in the third quarter, the company effectively used the operational capabil...

Locked content Raiffeisen joins BLIK payment system

Raiffeisen Polbank has implemented the mobile payments system BLIK to its mobile application. “Introducing BLIK payments is another step on the way to implementing our strategy of providing customers with convenient solutions that, while remaining easy to use, make it much easier for users to meet v...