Locked content Kopex 2017 net result turns to profit of PLN 67.5 mln

Kopex reported 2017 net profit from continuing operations of PLN 67.5 million compared to the loss of PLN 785.5 million a year ago. Consolidated revenue fell to PLN 749.4 million from PLN 777.2 million in 2016, the company reported. “The drop in revenues amounted to PLN 27,758 i.e . by 3.6 percent. ...

Locked content JSW with conditional offer to takeover PBSz shaft builder

WSE-listed coal group Jastrzębska Spółka Węglowa signed a conditional offer to acquire 95.01 percent stake in shaft builder PBSz from mining machine manufacturer Kopex. “JSW assumes that the submission of the offer will allow for negotiation of the detailed terms and conditions of the contract for t...

Locked content Famur buys 65.83% shares in Kopex

WSE-listed machinery producer Famur bought a 65.83 percent stake in rival Kopex from Famur’s majority shareholder TDJ for PLN 204 million, confirming the previously announced deal details. The share price in the transaction stood at PLN 4.17 apiece, and will be financed from the sale of 72.92 ...

Locked content Kopex, Famur with PLN 227.7 mln deal with Tauron

A joint venture of WSE-listed mining equipment producers Kopex and Famur signed a PLN 227.7 million deal with state-owned Tauron power utility for construction of the Grzegorz mining shaft, company’s informed in a market filing. Kopex, the consortium’s leader, will receive PLN 172.9 mill...

Locked content Famur submits offer to buy Kopex

WSE-listed mining machinery firm Famur filed an offer to acquire  65.83 percent stake in rival Kopex for PLN 204 million, Famur said in a market filing. The offer assumes, that after the deal is finalized, Kopex will be split in two units, with one focused on machinery building, and the second on se...

Locked content Famur with better than expected profit

WSE-listed mining machinery producer Famur posted PLN 26.2 million in net profit for Q4 2016, up from PLN 6.4 million recorder in Q4 2015, the firm’s financial report showed. The analysts predicted a PLN 24.5 million profit. For the full year, the profits stood at PLN 93.8 million, representin...

Locked content PGO purchases Kopex

Polish foundry group Polska Grupa Odlewnicza (PGO) has acquired 100 percent of Kopex Foundry, paying a total of PLN 7 million, Polish Foundry stated in a press release on Thursday. PGO indicated that it felt the move would allow it to expand its operations. “As a result of the transaction, PGO [has ...

Locked content Kopex with net loss of PLN 547 mln in H1

Polish mining equipment producer Kopex posted a net loss of PLN 547.3 million in H1 2016 as the firm turned over PLN 330 million in non-cash impairments, the company said in a report. Last year, Kopex had a net profit of PLN 23 million. Consolidated revenues stood at PLN 446.3 million, which means a...

Locked content New agreement between Famur, Kopex and Tauron

Mining machinery producers Famur and Kopex in consortium filed best bid of PLN 72.4 million for providing a high-performance longwall system for power group Tauron, the companies announced in a market filing. The consortium expects to deliver the longwall system by the end of 2016, a statement said....

Locked content Kopex prolongs PLN 620 mln debt restructuring with 7 banks

Polish mining equipment producer Kopex has landed a deal with banks on setting the key conditions of the group’s restructuring issue, the company informed in a market filing. The agreement was signed between Kopex (including its units) and such banks as PKO BP, Pekao, ING Bank Śląski, BGŻ BNP ...