Locked content Polwax IPO prospectus approved

The Polish Financial Supervision Authority (KNF) has approved the prospectus of Polwax, a paraffin and wax producer, the watchdog said on Monday. Polwax will now be allowed to issue shares on the Warsaw Stock Exchange. The B and C shares will subsequently be introduced into the regulated market. Sto...

Locked content KNF approves sale of BGŻ to BNP Paribas

KNF, the Polish Financial Supervision Authority, has allowed financial group BNP Paribas to buy shares of Polish Bank BGŻ, the KNF said on Tuesday. At least 25 percent of the joint banks’ shares will be available on the Warsaw Stock Exchange within four years, reports the Polish Press Agency. BNP Pa...

Locked content Watchdog cautious about BZ WBK re-branding

The Polish Financial Supervision Authority has issued a statement asking lender BZ WBK for explanation regarding its planned re-branding as Santander, the Polish Press Agency (PAP) reports. The bank’s majority shareholder, Spanish lender Santander, was obliged to consult any changes in the name of b...

Tamborski approved as Warsaw Stock Exchange CEO

Financial regulator KNF has approved the candidature of Paweł Tamborski for the WSE chairman role. According to a KNF release, extraordinary measures have been taken to make sure that Tamborski meets the qualifications required by the Trading of Financial Instruments Act.

Locked content Abris appeal eases order to sell FM Bank stock

Financial market regulator KNF has reversed its order for Abris-EMP Capital Partners Ltd. to sell its stake in FM Bank PBP. Nonetheless, the regulator upholds a ban on exercising voting rights by the investor. A 4:1 majority voted to maintain the ban, allowing for the KNF to launch a sale of shares ...

Locked content SKOK “Wspólnota” files for bankruptcy

Cooperative credit union SKOK “Wspólnota” filed for bankruptcy after the Financial Supervision Authority (KNF) made a decision to cease the cooperative banker’s operations due to its poor financial well-being and an increasing dependence on outsourcing, according to an ISBnews release. S...

Locked content Falenta to appeal KNF fine

Businessman Marek Falenta will appeal a decision from the Financial Supervision Authority (KNF), which which imposed a PLN 976,000 fine on him and persons related to him, ISBnews reported. “I see the decision as a political one and I am convinced that it is linked to the proceedings against me in th...

Locked content New WSE president still without KNF approval

The Polish Financial Supervision Authority (KNF) is unlikely to issue its approval for newly appointed Warsaw Stock Exchange CEO Paweł Tamborski by the time the company’s EGM gathers tomorrow, Polish Radio reports. The meeting will then probably be postponed. KNF President Andrzej Jakubiak was quote...