Locked content GetBack proposes to pay bondholders 31%

Troubled debt collector GetBack updated arrangement proposal with bondholders and offered to pay 31 percent instead of earlier planned 27 percent. The adjusted proposal is based on an assessment of the company’s current financial condition and takes into account a lack of investor, ongoing neg...

Locked content Aton-HT applies for restructuring

Aton-HT applied to Wrocław court for opening the restructuring under the accelerated arrangement proceedings, the company said. Management Board of Aton-HT believes it would help to stabilize and improve current financial liquidity. The board also estimated that the company is capable to generate po...

Locked content GetBack CEO sees chance to return to development in 2-3 years

GetBack management sees for the company a chance of returning to the development in 2-3 years. The proposals presented in the restructuring plan may change and the company is open to attract a strategic investor, but currently, nobody is interested, company CEO Przemysław Dąbrowski said. In Dąbrowsk...

Locked content GetBack will verify restructuring plan within 2-3 months

GetBack, which released unaudited results for 2017, estimates that it will review the restructuring plan presented earlier in 2-3 months’ time. The company is working towards reducing costs. In the first quarter it will continue cleaning its balance sheet, GetBack representatives said on Wedne...

Locked content Próchnik files for bankruptcy, awaits restructuring ruling

Clothes producer Próchnik filed with the District Court in Łódź for the bankruptcy of the company – Próchnik informed in a statement. At the same time, the Management Board requests that the application be withheld until the court issues final ruling regarding the company’s earlier restr...

Locked content Getback aims to return to normal operations

Troubled WSE-listed debt collector GetBack plans to rebuild the company value and return to normal operations. The company doesn’t exclude sale of some portfolios. A scenario with attracting an investor or investors is also possible, company representatives said. “Getback will honestly and timely in...

Locked content Number of bankruptcies in Q1-3 falls 1% y/y – Coface

The number of company bankruptcies in the first three quarters of 2016 was 559, which means a 1 percent drop y/y, according to a report by the firm Coface. The report indicates that the drop in bankruptcies and restructurings observed earlier in transport (-53 percent) and production (-27 percent) h...

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 ...

Locked content Morawiecki: The restructuring of the energy policy must be gradual

“The restructuring of the energy policy in Poland must be gradual,” announced Minister of Development Mateusz Morawiecki. “Poland is completely different [than other EU countries] when it comes to the energy sector, and we can not disregard that fact,” Mateusz Morawiecki cont...

Locked content Poczta Polska 2014 net profit up by 76% y/y

State-owned postal operator Poczta Polska announced its 2014 financial report on Monday. Net profits of PLN 77.4 million exceeds the 2013 figure by 76 percent. Profit on pre-tax level amounts to PLN 142 million, up by 51.8 percent, on a yearly basis. Poczta Polska’s revenue has fallen from PLN...