Stalexport Autostrada Śląska share booms thanks to looming key contract

Stalexport controls a stake of 37.5% in the company, while 37.5% is owned by Egis Project and another 25% by Strabag. Markets reacted favorably to the decision resulting in the company's share price jumping by 6.1% to reach zł.2.97, with turnover exceeding zł.30 million. "From signing the contract to handing over the modernized toll road will take one year," said Marek Cywiński, Stalexport's strategy director. He declined to reveal what size of return is expected by the company and how much was paid for the license. (Parkiet, p. 3) A.K.