Poland - Factors to Watch May 23
Following are news stories, press reports and events to watch that may affect Poland's financial markets on Wednesday. ALL TIMES GMT (Poland: GMT + 2 hours):
DATA
Polish statistics office to release April retail sales data at 0800 GMT.
PGE, POLENERGIA
Poland's biggest power producer, state-run PGE, has launched a public tender to take over its smaller rival Polenergia PEPP.WA, offering 16.29 zlotys ($4.48) per share, in a bid to strengthen its market position and cut emissions.
PKN ORLEN, UNIPETROL
Poland's biggest oil refiner, PKN Orlen, will buy the remaining 5.97 percent in Czech unit Unipetrol from minority shareholders for 380 crowns per share to complete its takeover and delist the unit from the Prague bourse.
PGNiG
Poland's dominant gas firm, PGNiG, confirmed that its net profit fell slightly in the first quarter to 1.57 billion zlotys, as the company had estimated earlier.
GETBACK
The prosecutor's office will look at the debt purchasing firm GetBack over the statement it issued in April saying that it was in talks with state-run bank PKO BP and fund PFR regarding financing, which both institutions immediately denied, Parkiet daily reported.
Separately, Dziennik Gazeta Prawna daily said that Abris, a majority shareholder in GetBack, may consider selling the troubled firm, but only to an investor who will pledge to fix its problems.
****Reuters has not verified stories reported by Polish media and does not vouch for their accuracy.****
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