Locked content Tauron to sign deal with PFR on Jaworzno project ‘within weeks’

WSE-listed power utility Tauron hopes to sign the deal with state-run development fund PFR regarding the investment in the Tauron’s Jaworzno plant “within weeks,” the company said in a market filing. The talks are still ongoing despite the deadline running out. Back in June, PFR said it can invest u...

Locked content PFR head: Pekao should consider supermerger with PKO

According to the president of the state-run Polish Development Fund (PFR) Paweł Borys, two of the largest state-run lenders Pekao and PKO should consider a merger in order to compete with rivals outside Poland amid expected consolidation in Europe’s banking sector. “There is an example of a merger b...

Locked content Tauron extends talks with PFR on Jaworzno project

WSE-listed power utility Tauron extended the deadline for negotiations with state-run development fund PFR for another two months regarding the investment in the Tauron’s Jaworzno plant. Back in June, PFR said it can invest up to PLN 880 million to aid the construction of the new 910 MW block in Jaw...

Locked content Famur gets UOKiK approval to set up SPV with PFR

WSE-listed mining machinery producer Famur got the approval from the antitrust watchdog UOKiK, regarding setting up a Mining Equipment Finance SPV with state-run Polish Development Fund PFR. Back in November, both sides signed a deal, according to which they will put PLN 150 million each into the co...

Locked content OT Logistics sells 8.7% stake in Luka Rijeka to PFR

WSE-listed logistics operator OT Logistics will sell 8.75 percent of its stake in Croatian port Luka Rijeka to state-owned development fund PFR for PLN 32.8 million, the company said in a market filing. OT Logistics will retain its control over the harbor as it has 26.51 percent shares in the compan...

Locked content Famur in talks with PFR on joint investment

WSE-listed mining equipment producer Famur has been in talks since August with state-run Polish Development Fund PFR regarding a potential investment in a mining equipment leasing SPV, the company said in a market filing. The project concerns “innovative and groundbreaking” solutions for mining equi...

Locked content Newag to review strategic options

WSE-listed rolling stock producer Newag launched “a review of potential strategic options” and wants to ask state-run Polish Development Fund PFR for help in being a part of the EU-wide consolidation process. “The company decided to launch a review of potential strategic options tied to the consolid...

Locked content New pension programs to boost GDP growth by 0.3-0.4% – PFR head

Poland hopes to put PLN 15-20 billion a year into capital markets as a result of its new employer-sponsored pension program, according to the CEO of state investment vehicle PFR Paweł Borys. “They will strengthen the financial base of the corporate sector and bring an increase in the long-term econo...

Locked content Polish Development Fund launches internet portal for start-ups

The Polish Development Fund (PFR) has launched an internet service for innovative SMEs in the public sector. Young entrepreneurs will be able to use the portal to find information on potential investors or sources of funding. As the PFR reported on Tuesday, the startup.pfr.pl website presents the PF...

Locked content PFR with PLN 290 mln net profit in H1

State-run development fund PFR had a PLN 290 million net profit in H1, according to the fund president Paweł Borys. At the same time, PFR’s assets grew to PLN 5 billion from PLN 1.2 billion a year ago, mostly due to the purchase of Pekao….