Locked content Work Service completes debt restructuring process 

Work Service has completed “one of the most complicated debt restructuring transactions of recent years on the Polish market,” the company said. The Work Service Group acquired new factoring limits, restructured and refinanced its bonds and met the conditions of the revised loan agreemen...

Locked content Work Service fails to redeem PLN 32 mln bonds

WSE-listed HR group Work Service did not redeem bonds worth PLN 32 million, it has also not redeemed the T-series bonds that matured on December 3. The company is in negotiations with its bondholders about a new payment plan and hopes to complete the talks by December 14. The company also reached an...

Locked content Work Service wants to delay PLN 150 mln bonds redemption

WSE-listed HR consultancy firm Work Service has started negotiations to later redeem bonds of series T, W, and Y worth some PLN 150 million, the company said. In the opinion of the company’s management board, the successful conclusion of negotiations will have a beneficial effect on the company̵...

Locked content Work Service sells 100% in German Exact Systems

Work Service signed an agreement to sell 100 percent stake in German Exact Systems to Remango Investments. The total consideration from the transaction will amount to PLN 155.3 million. The sale of Exact Systems results from Group’s Development and Restructuring Strategy for 2018-2020. Work Se...

Locked content Work Service signs prelim. deal to sell Exact Systems

HR company Work Service signed a preliminary agreement to sell 69.09 percent stake in Exact Systems. The buyer is Remango Investments, an SPV established by Paweł Gos, Lesław Walaszczyk and a fund tied to CVI Dom Maklerski. The price was set at PLN 139.8 million, however, the payment of PLN 13 mln w...

Locked content Work Service to sell Hungarian peer

WSE-listed HR consultancy firm Work Service will sell its stake in the Hungarian peer Prohuman 2004 Kft., the company said in a market filing. This is a reversal from a few months back, when the company said in its annual report that it plans to acquire the remaining stake in its subsidiary using th...

Locked content Work Service extends Exact Systems sale deadline

WSE-listed HR firm Work Service has, yet again, extended the exclusivity period for selling its shares in Exact Systems until July 31. Back in April, the company signed a framework deal with Exact Systems managers to sell the stake for PLN 162.64 million and expected to sign a preliminary binding ag...