Locked content Play reduction rate reaches 81.6%

WSE-bound telecom Play Communications has allotted all 121.5 million shares in the IPO with the average reduction rate reaching 81.6 percent, the company said in a market filing. Play sold nearly 6 million shares to individual and over 115 million shares to institutional investors at PLN 36 apiece, ...
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Kaczyński accuses opposition of murdering his brother

During the parliamentary debate on judiciary reforms, ruling Law and Justice (PiS) leader Jarosław Kaczyński accused the opposition of murdering his brother President Lech Kaczyński. “Don’t wipe your treacherous mugs with my late brother’s name. You destroyed him, murdered him. You’re scumbags,” he ...

Locked content EU threatens Poland with Article 7

The European Commission is “very close” to triggering the EU’s Article 7 procedure against Poland — a move that can lead to the suspension of a member country’s voting rights, Commission Vice President Frans Timmermans said, condemning the recent attempts by the ruling Law and Justice (PiS) grouping...

Locked content Deutsche Telekom won’t sell T-Mobile Polska

German telecom group Deutsche Telekom has no plans to sell its Polish subsidiary T-Mobile Polska, company’s CEO Andreas Maierhofer said. “T-Mobile Polska customers represent 20 percent of Deutsche Telekom’s European customer base. I would not be here if the owner was thinking of selling the company....

Locked content Vantage buys plot in Wrocław to build 300 apartments

Developer Vantage Development concluded a preliminary purchase agreement of the perpetual usufruct rights to the property located in Wrocław’s Stabłowice district. It consists of about 2.3 hectares of built-up areas for a total price of PLN 8.75 million, Vantage said. The sales agreement shoul...
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Duda threatens to veto Supreme Court reform

In what seems like an attempt to calm down the tensions caused by recent attempts to overhaul Polish judiciary, President Andrzej Duda said that he will not sign any bill changing the legal system, and submitted his own proposal for a reform of the National Council of the Judiciary (KRS).

Locked content KBC TFI demands that Sygnity buys back bonds worth PLN 6.8m

Pension Fund KBC TFI is another bond bearer which demands that IT group Sygnity redeems papers with a face value of PLN 6.8 million. Last week, mBank filed a motion asking to redeem PLN 7.5 million in bonds. “The demand for immediate redemption of bonds is due to the issuer’s violation of fina...

Locked content First power shortages in 2022 – GE

According to GE’s expert, first gaps in energy supply will occur in 2022, due to higher energy demand and shutting down outdated power units. ”Currently, electricity consumption in Poland is estimated at 26 GW. This demand may increase to 33 GW in 2030. The challenge for the coming years will be the...