Coverage of high-potential mid-market firms in Poland


Budimex builder on shareholder structure; Marvipol on liabilities; MLP Group on bonds


Large-cap index WIG20 gained 0.9% on Tuesday. Among the most-traded bluechips, KGHM copper closed up 1.8%, while coking coal miner JSW rose by 3.4%. Decliners were led by Asseco Poland IT, Eurocash trade and fashion retailers LPP & CCC.

BUDIMEX - Pension fund NN OFE bought 1 mln shares of listed builder Budimex, thus raising its stake to 5.39% from 1.48% previously, Budimex said in a market filing.


On Monday Budimex announced that its lead shareholder Ferrovial, acting via a wholly-owned unit Valivala Holdings, sold 1 mln of the company's shares, reducing its stake in Budimex to 55.14% from 59.06% previously.


MARVIPOL - Listed real estate and automotive group Marvipol had PLN 256.9 mln liabilities at end-March, while its net debt measured PLN 21 mln or 0.05 of equity, Marvipol said in a market filing citing estimates.


MLP GROUP - Listed real estate developer MLP Group set up an up to EUR 50 mln bond program, to be run by Bank Pekao and Pekao Investment Banking, the firm said in a market filing.


Bonds will carry tenors no longer than ten years.


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