Locked content Trigon TFI cuts stake in Polwax to below 5%

Trigon TFI reduced its involvement in Polwax below the 5 percent threshold. Currently, Trigon TFI has 4.18 percent votes on the General Meeting of the company, constituting 4.90 percent of share capital – Polwax said in a statement. Prior to the change in the stake, investment funds managed by...

Locked content Polwax to run PLN 124 mln investment

The board management of Polwax has decided to give the go ahead for a solvent deoiling unit investment worth PLN 124 million. The project will be completed in December 2019. The facility will be located in Czechowice-Dziedzice and its construction will be financed from the company’s own means ...

Locked content Polwax to invest millions in new installation

Polish wax and paraffin producer Polwax is planning to spend up to PLN 80 million on constructing a new installation of so called solvent deoiling, Rzeczpospolita daily reported. The new installation will upgrade the quality of paraffin specifities. Polwax is still making preparations for the projec...

Locked content Polwax net profits up in 2014 y/y

Wax and paraffin producer Polwax recorded net profits of PLN 22.4 million in 2014, compared with PLN 19.8 million in 2013, a press release reads. Sales revenue reached PLN 258.2 million, versus PLN 241.1 million a year before. EBIDTA amounted to PLN 30.8 million, whereas it totaled PLN 27.5 million ...

Locked content Polwax to debut on WSE on Monday

Wax and paraffin producer Polwax will be traded on the main market of the Warsaw Stock Exchange starting from October 6, the bourse said in a recent press release. The company conducted an initial public offering in September, worth PLN 57.3 million. The shares were sold by five shareholders, includ...

Locked content Polwax sets IPO price

Wax and paraffin producer Polwax has set the maximum price in its upcoming IPO at PLN 19 per share. This puts the value of the offering at up to PLN 72.56 million. Polwax announced earlier this week that the subscriptions and book-building in its initial public offering would take place between Sept...

Locked content Polwax may debut on October 6

Paraffin and wax producer Polwax will launch subscriptions in its initial public offering on September 15 and plans to debut on the Warsaw Stock Exchange around October 6, the company said in a statement on Thursday. The company is offering 3.8 million shares, standing for a 38.2 percent stake, in t...

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 Polwax plans IPO at WSE

Polwax, a paraffin and wax producer plans an initial public offering at the Warsaw Stock Exchange, the Polish Press Agency reported on Thursday. The company will offer up to 3,819,965 shares (roughly 40 percent of all shares of the company). The IPO may be carried out between Q3 and Q4 of 2014. The ...