Coverage of high-potential mid-market firms in Poland

Article

Stalprodukt steel sells 99% stake in Gradir Montenegro for PLN 153 mln

TAG'S: STALPROD, Industrial (other)

 

Listed steel group Stalprodukt saw its unit ZGH Boleslaw sign a conditional deal to sell 99.35% stake in Gradir Montenegro lead and zinc for PLN 153 mln to Balkan Mining Group, Stalprodukt said in a market filing.

 

The proceeds from the sale will be allocated above all to the realization of new investment projects by ZGH Boleslaw, the filing read.

 

The parties will also sign a 5-year agreement for Stalprodukt to buy 15k tons of zinc concentrates from Balkan Mining Group worth PLN 160.1 mln, following the finalization of the current transaction, the filing added.

2014-02-23



Comments : 0

Add comment

The published comments are private opinions of the users. Biznespolska Media Sp. z o.o. is not responsible for their content. Intelligent and insightful comments most appreciated.

Other News

Photo of the week

Photo of the week

Following an impressive run, PKN Orlen fuel reappoints CEO Wojciech Jasiński to spearhead the company to newer, more challenging waters. Gives him a new three year term!

2017-11-17

WSE Indices


NameValueChangeTime
WIG20 2443,83 +1,36 % 17:15
WIG 63047,02 +1,20 % 17:15
sWIG80 13976,74 +1,16 % 17:15
NCIndex 282,82 -0,76 % 17:15
2017-11-17

WSE Companies


Top 5 Gainers

NameValueChange
MNI0,05+25,00 %
MOSTOSTAL WARSZAWA7,03+15,82 %
ALTA2,86+12,16 %
PCC EXOL1,65+10,00 %
REINHOLD0,21+10,53 %

Top 5 Losers

NameValueChange
PBS FINANSE0,77-9,41 %
WIKANA1,10-8,33 %
HUBSTYLE0,74-7,50 %
DGA5,06-7,33 %
ZAMET INDUSTRY0,92-7,07 %