KNF suspends Calatrava Capital trading

Polish Financial Supervision Authority (KNF) has suspended indefinitely trading of the Calatrava Capital shares on the Warsaw Stock Exchange and fined the company with PLN 700,000. The company had failed to publish accurate financial statements between 2012-2015. KNF explained that the fine is severe because the company has broken the regulations “severely” and for the “prolonged period of time.” According to the company's website, Calatrava Capital is “an independent investment company running diversified activity within mergers and takeovers, restructuring of companies and ventures characterized by non-standard investment risk.” The company has been listed on the WSE main market since 1997.