Locked content EBRD sells 2.9% stake in Azoty

The European Bank for Reconstruction and Development (EBRD) sold 2.85 million shares of chemicals Grupa Azoty, representing 2.9 percent stake in accelerated bookbuilding, the EBRD said in a press statement. After the sale, the lender will have 2.9 percent shares in Grupa Azoty. “The bank, as an acti...

Locked content EBRD invests €25 mln in Żabka

The European Bank for Research and Development (EBRD) is taking part in the acquisition of discount retail chain Żabka, with an equity investment of up to €25 million, the bank announced. “The EBRD investment will support the continued strengthening of corporate governance and setting standards in ‘...

EBRD upholds GDP forecasts for Poland

The European Bank for Reconstruction and Development (EBRD) has maintained its forecast of 3.2 percent Polish GDP growth for 2017 and 2018. “While the tightening labor market will likely continue putting pressure on wages, thus providing a further boost to consumption, the positive impact of the chi...

Locked content EBRD buys 9.48 percent stake in Griffin Premium RE

The European Bank for Reconstruction and Development acquired a 9.48 percent stake in WSE-bound real estate firm Griffin Premium RE IPO. The transaction was worth PLN 84.4 million. The company will begin its trading on the Warsaw Stock Exchange on April 13. After the IPO, the free float will reach a...

Locked content EBRD mulls acquiring stake in the Griffin Premium IPO

The European Bank for Reconstruction and Development may buy 5-10 percent stake in the upcoming Griffin Premium Real Estate IPO, the bank said in a press statement. “According to the framework agreement, EBRD may acquire shares in the Offering representing no less than 5 percent and no more than 10 ...

Locked content EBRD considers buying 5-10% of Dino shares in the upcoming IPO

The European Bank for Reconstruction and Development (EBRD) may buy a 5-10 percent stake in retailer Dino in the ongoing IPO, company wrote in its prospectus. “Dino has obliged to make every effort to ensure that the share of the EBRD to be acquired in the offer amount to no less than 7.5 percent an...

Locked content EBRD sells 15.8 million shares in Cyfrowy Polsat 

EBRD has sold 15.8 million of its shares in Cyfrowy Polsat representing approx. 2.5 percent of its capital, reported Bloomberg. In September 2014, EBRD sold 2.44 percent of its Cyfrowy Polsat shares at a price of PLN 25.23 per share, and subsequently reduced its vote to below 5 percent. EBRD became ...

Locked content EBRD supports Poland’s Arctic Paper with €30 million loan

The European Bank for Reconstruction and Development has granted a €30 million loan to paper producer Arcitc Paper to finance investments for improvements in the company’s operational and energy efficiency as well as to expand future production capacity in Poland. The EBRD loan will be part of...

Locked content EBRD invests PLN 80 mln in PKO BH’s covered bonds

The European Bank of Reconstruction and Development has invested PLN 80 million in covered bonds of PKO Bank Hipoteczny. The mortgage unit of state-controlled lender PKO BP has launched its second issue of variable-rate benchmark covered bonds. The total value amounts to PLN 500 million, the bank in...

Locked content EBRD will take PLN 106 mln equity stake in Alior’s rights issue

The European Bank for Reconstruction and Development (EBRD) is supporting Alior Bank’s expansion through its acquisition of Bank BPH’s Core Operations, which will make Alior Bank the tenth largest bank in Poland by total assets, the bank said in a press release. As a shareholder in Alior Bank, the E...