Locked content KNF suspends SKOK Jowisz

As of April 22, the Polish financial watchdog KNF suspended operations of savings & loan institution SKOK Jowisz and filed a motion for the firm’s bankruptcy, the KNF said in a statement. SKOK Jowisz deposits’ value reached PLN 82.5 million. A bankruptcy motion, filed by KNF, constit...

Locked content Kerdos Group files for bankruptcy again

Today, Kerdos Group filed for protection under the bankruptcy code in court in Warsaw, the company informed. “The board made ​​this proposal due to the potential risk of rejection of the debtor’s request in terms of opening rehabilitation proceedings,” the statement read. The compa...

Locked content KNF suspends SKOK Kujawiak

As of January 8, Polish financial watchdog KNF has suspended operations of SKOK Kujawiak credit union due to its “deep” insolvency, in addition, it applied for the bankruptcy of the institution. SKOK Kujawiak deposits’ value reached PLN 187 million. As a result of the institution&#...

Locked content Kerdos files for bankruptcy

The shareholders at Kerdos Group have applied for bankruptcy and the liquidation of the company’s equity, it reported. The group has not reached an agreement with its creditor, ING Bank Śląski, according to a statement. In August, Kerdos Group signed a final agreement to acquire a 50.26 percen...

Kraków Business Park to be on sale again

Nobody decided to purchase Kraków Business Park (KBP), a bankrupt company operating one of the largest office complexes in Poland, therefore the tender will be held again as the receiver has already applied for it to a court, reports Puls Biznesu. The asking price stood at PLN 360 million, covering ...

BSH acquires Fagor Mastercook

Household appliance production group BSH (Bosch und Siemens Hausgeräte) will acquire bankrupt FagorMastercook, as the German company signed a preliminary deal with Fagor’s receiver on Friday, Polish Radio Wrocław reported. Chinese Haier’s offer had not been taken into consideration.

Locked content Autosan on sale again

The fifth auction for insolvent bus producer Autosan will be held again, after the previous ones did not succeed, reports the Polish Press Agency. The asking price has been reduced to PLN 37 million. The offers may be made by April 10. The first asking price amounted to over PLN 59 million. Autosan ...

Locked content Low number of bankruptcies in November

The Court and Commercial Gazette published the latest private firm bankruptcy numbers. It turns out that 49 companies went into bankruptcy in November. This is the lowest number of bankruptcies since January 2011 when 43 companies went under. There should be fewer bankruptcies in 2015, according to ...

Locked content Euler Hermes: 62 companies bankrupt in August

Allianz Group member Euler Hermes said on Tuesday that in August 2014 62 companies went bankrupt, in comparison to 66 in August 2013. The data was provided by the Court and Commercial Gazette (Monitor Sądowy i Gospodarczy), an official Polish publication. The companies’ last known turnover amounted ...