May 24 2010, no 435
24.05.2010, 14:41
TOP STORIES:
- Thousands affected by heavy flooding (page 17) Following days of torrential rains that hit Central Europe, Poland is experiencing its biggest natural disaster since 1997. The flood left at least 13 people killed, thousands displaced, causing an estimated EUR 2.5bn worth of damage. The final bill is likely to be higher prompting the government to seek help from the EU.
- Another giant IPO on WSE (page 14). Althought it's been only a couple of days since Poland's biggest ever Initial Public Offering, featuring the insurer PZU, the government is planning a possibly even bigger sale by the end of June. The IPO of energy giant Tauron is said to total some PLN 6-9bn, depending on an estimate.
-Spring brings new wave of mergers & acquisitions (pages 2 & 11) Looks like foreign investors are begin-ning to realize that the supply of attractively-priced Polish businesses for sale may soon run dry, as economic upturn gains speed. In this issue we bring you stories of two major French investors: pharma giant Sanofi-aventis and IT services firm Devoteam and their Polish acquisitions
MANUFACTURING
- Sanofi-aventis to pay PLN 420m for Polish Nepentes
- B. Braun to create 300 jobs at new Polish factory
- Samsung embarks on major expansion of Amica plants
- US Schweitzer-Mauduit to build factory near Lodz
- Privatization of chemical firms ends in a fiasco
FINANCE
- Insurer PZU's stock market debut is a huge success
- German Gothaer to buy Polish insurer PTU?
- Bank BPH: Mass layoffs, new business goals
FOOD & AGRICULTURE
- Leading producer expands Polish malt house
- Lithuanian Eva Grupe to buy Mieszko confectionery
PROPERTY & CONSTRUCTION
- US Hines starts building residential tower in Warsaw
- Residential market going back to normal
- Danish Tool Matic starts up in Gdansk
RETAIL & SERVICE
- Sweden's Hemtex driven out of Poland by group losses
- Private healthcare sector boosts turnover by 17%
IT & MEDIA
- French Devoteam acquires Polish Wola Info
- Sony Pictures launches Gdynia outsourcing center
- Polsat owner Solorz keeps expanding telecom empire
TRANSPORT & LOGISTICS
- China's LiuGong to buy Stalowa Wola plant
- C&W expects upturn on industrial property market
ENERGY & ENVIRONMENT
- Tauron's IPO to beat the recent record set by PZU?
- Dalkia to spend EUR 70m on biomass-fired boilers
- KGHM to invest USD 0.5bn in British Columbia
POLITICS & ECONOMY
- Massive flooding hits large parts of Poland
KEY FIGURES pages 18-20
- Wages, real earnings, inflation, consumer price index, interest rates, industrial output, current account, GDP, currency, foreign trade, regional data, stock exchange, prices of key commodities, retail trade, money supply, net lending and key economic data forecast 2009- 2010.