Locked content Dunkin’ Donuts leaves Poland. Again

After two and a half years of operations, Dunkin’ Donuts announced that it is closing its Polish outlets effective immediately, the company announced on its social media accounts. This was not the company’s first attempt to operate on the Polish market. The first ended in 2002, after six years of ac...

Locked content EC approves €145 mln funding for Polish gas link

The European Commission has approved €145.5 million in funding to build the 168-kilometers gas pipeline Pogórska Wola-Tworzeń. The gas link is part of the North-South corridor of the European Network of Transmission System Operators for Gaz (ENTSOG). “This gas pipeline supported by the EU funds is a...

Locked content Amica buyback tender a failure

WSE-listed white goods producer Amica failed to attract any bids from shareholders in its tender offer for the company’s shares, the company said in a market filing. Amica offered PLN 120 per share. Under the company’s buyback program, Amica planned to purchase up to 250,000 own shares for the maxim...

Locked content Smyk files IPO prospectus

Toys and children clothing retailer Smyk filed an IPO prospectus with the Financial Market Supervision KNF on July 24, the regulator said on its website. Back in June, media reported that the company’s owner, private equity fund Bridgepoint is considering such move. Smyk was bought from Empik in May...

Locked content Pharmena mulls switch to WSE main market

Listed on the small-cap, alternative NewConnect market, biotechnology company Pharmena, plans to transfer its shares to the main WSE market by the end of this year, the company said in a market filing. In H1, the company had PLN 0.5 million net profit, compared with PLN 1.5 million loss last year. R...

Locked content Eurocash’ Partner takeover under UOKiK scrutiny

The antitrust watchdog UOKiK has sent the WSE-listed retailer Eurocash motion to takeover peer Partner to the second phase of the proceedings, reserved for more complicated cases. UOKiK wants to conduct, among others, market analysis. The watchdog plans to check whether the activities of individual ...

Locked content Talanx posts €219 mln Q2 profit

WSE-listed insurance group Talanx posted a €219 million net profit in Q2 (vs €225 million the year before) according to the company’s financial results, bringing the H1 profit to €437 million (€467 million the year before). The operating profit in Q2 increased from €549 million last year to €6...

Locked content Grupa Azoty with PLN 132 mln H1 profit. Affected by Q2 loss

WSE-listed, state-run chemical giant Grupa Azoty had PLN 132.1 million H1 net profit, down by 65 percent, which would imply a PLN 56 million Q2 loss, the company said in its preliminary financial results. “The lower level of earnings was a compilation of three major factors: a significant rise in co...

Locked content Groclin plans mass layoffs due to shrinking revenue

The management board of automotive parts producer Groclin has launched consultation procedures due to group layoffs the company is planning to carry out between August and December 2018, making 321 employees redundant, which is 45 percent of the company’s payroll, the company stated. Groclin explain...

Locked content 750 firefighters’ interventions due to violent storms

Firefighters had to intervene 750 times due to violent storms and gales that swept the country on Saturday. Roofs on 69 buildings were torn, including 36 residential ones, fire services spokesperson Paweł Frątczak told PAP. The majority of interventions took place in the Mazowieckie voivodship (182)...