Locked content CCC with term sheet deal to buy minority stake in HR Group

WSE-listed shoe retailer CCC signed a term sheet agreement to buy 32.84 percent in HR Group Holding, the owner of a number of retail chains in Europe, including German Reno, as part of the deal, CCC will sell its German operations to HR Group. The price has not been announced yet as both sides are&#...

Locked content Eurocash with PLN 36.4 mln Q3 profit

WSE-listed FMCG retailer Eurocash had PLN 36.4 million attributable net profit in Q3, up by 2 percent y/y, and slightly below the PLN 37 million expectations. Revenues were up 12.2 percent y/y to PLN 6.2 billion, while EBITDA increased by 3.5 percent y/y to PLN 105.1 million. The wholesale segment e...

Echo Investment completes Libero mall in Katowice

Warsaw Stock Exchange-listed developer Echo Investment has finished construction work on its Libero shopping center project in Katowice. The scheme will open for business on November 15. The Libero development comprises 45,000 sqm of GLA (which has already been almost fully leased out) and will hous...

Biłgoraj retail park to open for business

Investor Metropolitan Investment will open for business its Metro Park Biłgoraj retail park project in Biłgoraj in south-eastern Poland on November 14. The scheme offers almost 2,000 sqm of usable space with its tenants including Deichmann, KiK and Hebe. Metropolitan Investment, whose portfolio also...

Skanska starts building Warsaw office tower

Developer Skanska has launched construction work on building “Y” of its Generation Park office project in Warsaw. The 140-meter skyscraper, which will comprise 47,000 sqm of leasable space and will be certified in the WELL and LEED systems, is scheduled to be completed in the first quarter of 2021. ...

Locked content Delko to buy 50% in A&K Hurt-Market for PLN 7 mln

Delko has signed a preliminary conditional agreement regarding the purchase of 50 percent stake in A&K Hurt-Market for PLN 7 million – Delko announced in a statement. Delko is a distributor of household chemistry products, cosmetics, and personal hygiene products. Delko products are distri...

Locked content Alior Bank with PLN 172.9 mln Q3 net profit

WSE-listed Alior Bank posted a PLN 172.9 million attributable net profit in Q3, down from PLN 178.2 million last year. Net income from interests was reported at PLN 781.4 million, up by 7 percent y/y. Fees and commissions amounted to PLN 106.6 million, up from PLN 97.3 million last year. Alior’s tot...

Locked content GDDKiA chooses Budimex for S19 expressway section

WSE-listed Budimex offer for the construction of a section of the S19 expressway (Nisko Południe-Sokołów Małopolski Północ) was chosen as the most favorable by the General Directorate for National Roads and Motorways (GDDKiA). The value of the offer is PLN 232.85 million net, the company said. Budim...