Skip to content
Advertisement

Business

In Brief: Vattenfall; ARP sales list; Ket earnings; Kulczyk buys more Warta

Vattenfall Poland is the latest shareholder of the Energy Exchange (GE) following the purchase of 1% of shares from the power group Zespol Elektrowni Patnow-Adamow-Konin which controls 4% of the GE. (Prawo i Gospodarka, page 3) ... The Industrial Development Agency (ARP) is inviting tenders for the acquisition of six firms that include Inter-Vis. Minimum of Warsaw, Vox Active of Lodz and Mazur-Tourist of Olsztyn. Deadlines for submitting bids is Sept. 29. (Prawo i Gospodarka, page 2) .. The board of aluminum exporter Ket disclosed the restructuring of the company was going better than planned with most projects being finalized ahead of schedule. However, the board believes the forecasted revenues may not be met due to unfavorable macroeconomic factors that have hit hard on the price of the raw materials. (Prawo i Gospodarka, page 12) ... At yesterday's trading, Kulczyk Holding bought shares worth 10.62% of voting rights in insurer Warta S.A. from the investment fund Franklin Resources Group, an associate of Templeton. The transaction raises the overall ownership of Kulczyk and its ally Euro Agro Centrum in Warta to 82.52% of shares. (Parkiet, page 1)

More from Business All