Locked content Grupa Żywiec to buy Namysłów Brewery for PLN 500 

Grupa Żywiec has signed a contract with Chicago Poland Investment Group, LLC regarding the acquisition of 100 percent of shares in Browar Namysłów Sp. z oo for PLN 500 million, the group said. The transaction will be fully financed from external funds. The closing of the transaction and the acquisit...

Locked content Smithfield Foods has UOKiK consent to take over Pini Polonia 

Smithfield Foods has received the consent of the Office of Competition and Consumer Protection (UOKiK) to take over meat production and processing company Pini Polonia. Smithfield Foods is a global company dealing in the processing and production of meat. In Poland, among others, it controls the Ani...

MBB Logistics leases 15,000 sqm in Słubice

Logistics company MBB Logistics will soon move into the Exeter Park Słubice distribution center in Słubice near the German border where it has leased a total of more than 15,000 sqm of warehouse and office space. BNP Paribas Real Estate supported the tenant during the process of finding the location...

Infinity in Wrocław to get under construction

Investors Avestus Real Estate and Tristan Capital Partners will later this month launch construction work on their Infinity office project in downtown Wrocław. The scheme, which will comprise more than 22,000 sqm of leasable space, is scheduled to be completed in the third quarter of 2020. The devel...

Locked content Capital Park with PLN 5 mln Q3 net profit

WSE-listed developer Capital Park recorded PLN 5.06 million net profit attributable in Q3 up from PLN 0.78 million a year earlier. The operating loss was PLN 13.88 million vs. PLN 65.35 million profit a year earlier. Consolidated revenues from basic rental amounted to PLN 36.56 million against PLN 3...

Locked content Agora with Q3 loss

WSE-listed media group Agora posted a PLN 3.7 million Q3 net loss, 68.2 percent improvement y/y and above market expectations of PLN 10.1 million loss. EBITDA increased by 9.7 percent y/y to PLN 17 million, while revenues reached PLN 258.9 million up by 2.9 percent y/y. The company saw growth in its...

Poland Independence centenary celebrations highlight the divide

On Sunday, Poland marked its 100 anniversary of regaining independence. The main celebration was a march in Warsaw which some 200k Poles took part in. Amongst them were far-right groups from Poland and abroad, including Italian fascists Forza Nuova.  But compared to previous independence marches the...

Locked content Fuel prices should go down – BM Reflex

According to BM Reflex, a fuel branch consultancy company, prices on the wholesale market will not increase thus bringing retail prices down in the upcoming weeks. Although significant drops in diesel prices are unlikely, as the wholesale prices went up recently, retail prices have remained somewhat...