OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.
RSS Feed Print
Agora and NFI - Poland
Anonymous
Posted: Friday, August 12, 2011

Posted: 5/23/2005 5:15:51 AM

By: Continue from previous

they were advised by SBC Warburg bank. An international tender has been made (you can refer to old issues of the Financial Times)by the Ministry of Privatisation of the Republic of Poland. In March 1994, the selected bidders had to go thru a screening by a panel comprising of workers unions, ministry of finance rep, sbc warburg bank, MPs...etc. There were at the time 3 short listed contenders . an english investment bank backed by a Polish bank and by the European bank for Economic Development, a French company and another investment bank. The NFI was a sort of bail out structure for the state owned companies wherein all their shares were held and then sold to/acquired by the selected bidder with a view to turn them into profitable ventures (at least those economically viable).


Anonymous
Posted: Friday, August 12, 2011

Posted: 5/23/2005 5:01:55 AM

By: Cyrille Emery

To understand the NFI one would have to go back few years, circa 1993/1994 when Poland started to privatise the state owned companies. At the time they were advised by


Internal Administrator
Posted: Friday, August 12, 2011
Joined: 10/12/2010
Posts: 5780


Posted: 5/21/2005 8:24:42 PM

By: Ol' Hap

**FYI, if y'all make the subject line of your original post too long, then I, for one, keep getting an error message when trying to post a reply, so I'm starting a new thread.**

A cursory search reveals that Agora SA is Poland's leading publishing and media group and owns Poland's biggest-selling daily newspaper Gazeta Wyborcza. Does not appear to be affiliated with *our* Agora in any way.

http://www.agora.pl/agora_eng/633414,23726,723597.html

About us

Agora and "Gazeta Wyborcza" were created on the eve of the parliamentary elections in 1989. "Gazeta" became the first independent newspaper in Poland, while Agora grew into one of the most profitable media companies in Central and Eastern Europe.

Since 1999 Agora's shares have been listed on the Warsaw and London stock exchanges. During the company's IPO, the stock was more than 10 times oversubscribed. The issue price reached PLN 36 or $9.26 per share. The proceeds from the IPO, amounting to $93 million, went to further growth of the company, including the expansion of printing base and the construction of the new premises in Warsaw.

Agora's flagship business is "Gazeta Wyborcza" (Election Gazette) - Poland's the largest quality daily. The company is the owner of the outdoor advertising leader (AMS S.A.) and the publisher of 15 magazine titles. Since 1996 Agora has been an active player in the local radio stations market - today its local radio group comprises 29 stations (including 2 associated) and 1 super-regional. The company operates Internet portal, Gazeta.pl and advertising service Aaaby.pl.

The company's strategic goal is further expansion in the media sector complementing organic growth with mergers and acquisitions.

/////////////////////////////////////

NFI in Poland is an acronym for what would be National Investment Funds in English. These were apparently part of the state-run economy in the Soviet era, 85% of which have
now been transferred to private investors.

Not terribly educated on Poland. Perhaps someone else can shed some more light on the subject??


 

Jump to different Forum... 

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

View Recent Digests

Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.