Poland - Factors to Watch June 12

Capitea SA

12/06/2018 07:20

Following are news stories, press reports and events that may
affect Poland's financial markets on Tuesday. ALL TIMES GMT
(Poland: GMT + 2 hours):
  
    BGZ  BGZ.WA 
    The Polish unit of BNP Paribas has decided to start an issue
of up to 13.3 million new shares to raise capital by around 800
million zlotys and meet new regulatory demands, it said on
Monday night.  urn:newsml:reuters.com:*:nL8N1TE0JD
    
    GETBACK  GBK.WA 
    The value of troubled Polish debt collector GetBack could
return to 1 billion zlotys if the company stabilises its
business, services its portfolio, raises capital next year and
comes back to the debt purchasing market, Puls Biznesu daily
quoted GetBack's new CEO as saying. 
    
    KGHM  KGH.WA 
    The head of state-run Industrial Development Agency (ARP)
Marcin Chludzinski is one of the candidates who applied to
become CEO of copper producer KGHM, Puls Biznesu daily said
quoting unnamed sources. KGHM's new CEO is expected to be
appointed by June 26 when the company's shareholders meeting is
scheduled, the paper added. 
    Separately, Dziennik Gazeta Prawna daily said that Prime
Minister Mateusz Morawiecki may take control over KGHM from the
energy minister.  
    
    MIEDZI COPPER
    Canadian firm Miedzi Copper has resigned from one of its two
copper concessions in Poland after the environment ministry
refused to give it more time for exploration, Puls Biznesu daily
said.
    
    TAXES
    Poland's finance ministry is working on a plan to simplify
the tax system, Rzeczpospolita quoted the finance minister as
saying.
    
    
    ****Reuters has not verified stories reported by Polish
media and does not vouch for their accuracy.****
    
    For other related news, double click on:
 Polish equities        PL-E      E.Europe equities      .CEE 
 Polish money           PL-M      Polish debt            PL-D  
 Eastern Europe         EEU       All emerging markets   EMRG 
 Hot stocks             HOT       Stock markets          STX 
 Market debt news       DBT       Forex news             FRX 
 
 For real-time index quotes, double click on:
 Warsaw WIG20  .WIG20   Budapest BUX  .BUX   Prague PX  .PX 

 (Reporting by Warsaw Bureau
Editing by Andrew Heavens)
 ((warsaw.newsroom@reuters.com; tel. +48 22 6539700))