Locked content BOŚ Q2 profit grows

WSE-listed lender BOŚ reported a consolidated net profit of PLN 23.4 million in Q2, compared with PLN 1.17 million profit last year. Net interest income came in at PLN 97.21 million, versus PLN 67.72 million in Q2 2016. Net fees and commissions totaled PLN 25.72 million, compared with PLN 28.81 mill...

Locked content Enterprise Investors sets up a €498 mln fund

Enterprise Investors has completed fundraising for its Polish Enterprise Fund VIII fund with €498 million raised, exceeding the original hard cap of €450 million. The fund will finance mid-market buyouts and growth companies in the CEE region, with at least 50 percent of it to be spent in Poland. “T...

Locked content Columbus Energy plans moving to WSE main market

Solar energy firm Columbus Energy plans to move from the small-cap, alternative NewConnect market to the main WSE one, the company said in a market filing. For this purpose, Columbus signed a deal with the BOŚ brokerage house and hopes to move its listing to the main market within a few months. “The...

Locked content Torpol signs PLN 173 mln deal with PKP PLK

WSE-listed railway infrastructure builder Torpol signed a net PLN 273.4 million (gross PLN 213.3 million) deal for works on the 31 railway line with railway infrastructure firm PKP PLK. The tender concerns route connecting Czeremcha and Hajnówka. The works are to be completed within 20 months from t...

Locked content BGŻ BNP Paribas CEO resigns

Tomasz Bogus resigned from his post of CEO of BGŻ BNP Paribas. The resignation will come into effect on 31 October 2017, the lender said. Bogus did not give reasons for his resignation. Bogus took over as president of the bank on September 1, 2015 replacing Józef Wancer….

Locked content Play signs infrastructure deal with UPC

WSE-listed telecom Play signed a deal with cable TV operator UPC on cooperation in providing telecommunication services. According to it, Play will act as an infrastructure operator for UPC, which will launch its own mobile services as a virtual operator (MVNO). “The above transaction is in line wit...

Locked content Dino with 500 mln bond program

WSE-listed retail chain Dino will launch a PLN 500 million secured bonds program, the company said in a market filing. “The purpose of the program is to diversify sources of funding and optimize the company’s operating costs. The program does not affect the company’s current assumptions ...

Locked content GetBack H1 profit soars

WSE-listed debt collector GetBack recorded PLN 111.62 million net profit in H1, up by 50.5 percent y/y. EBIT stood at PLN 156 million, a 74.6 percent y/y growth. Revenues amounted to PLN 337.59 million, up by an impressive 111 percent y/y. “We consider that the first half of 2017 was another good ti...

Locked content EY: 107 M&A deals in H1 in Poland

According to EY consultancy, there were 107 merger and acquisition deals in Poland in the first six months of the year. In the CEE and South-Eastern Europe region, there were 473 such deals, down by 27.8 percent less y/y. In Poland, one of the reasons for the lower transaction volume could be reduce...