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...

Locked content Chakrabarti beats Belka and wins second term as head of EBRD

The Board of Governors of the European Bank for Reconstruction and Development has voted to elect Suma Chakrabarti as President of the EBRD for a second four-year term. Chakrabarti won 90 percent of shareholders’ votes, easily defeating Poland’s central bank head Marek Belka. Speaking af...

Locked content EBRD revises Poland’s GDP growth

The European Bank for Reconstruction and Development has revised Poland’s GDP growth forecast, saying the economy will grow by 3.6 percent in 2016 and 3.4 percent in 2017. The previous EBRD forecast assumed Poland’s GDP would grow by 3.3 percent in 2016. The EBRD explained that the highe...

Locked content EBRD to invest €700 mln in Poland this year

The European Bank for Reconstruction and Development (EBRD) plans to invest up to €700 million  in Poland this year, including a project to help the Warsaw bourse return to growth, Reuters quoted the EBRD local chief. “We’ve already signed deals worth around €200 million this year,”...