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WKN: A1C7YU | ISIN: PLGPW0000017 | Ticker-Symbol: WSX
Frankfurt
03.12.24
08:03 Uhr
9,830 Euro
-0,020
-0,20 %
1-Jahres-Chart
WARSAW STOCK EXCHANGE Chart 1 Jahr
5-Tage-Chart
WARSAW STOCK EXCHANGE 5-Tage-Chart
RealtimeGeldBriefZeit
9,51010,26019:45
GlobeNewswire (Europe)
127 Leser
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CIECH S.A. shares withdrawn from trading on the Warsaw Stock Exchange

Finanznachrichten News
CIECH S.A. shares were quoted on the Warsaw equity trading floor on the 6th March 2024. By way of decision of the Management Board of the Warsaw Stock Exchange, the shares were withdrawn after the decision on this matter was unanimously made by the Polish Financial Supervision Authority. This is the result of the effective purchase of the shares in this chemical firm by KI Chemistry, a company from the Kulczyk Investments Group, which became the 100% owner of CIECH shares.

The shares of the chemical company have been listed on the Warsaw Stock Exchange since 10 February 2005. KI Chemistry became a strategic investor of CIECH in 2014, when it acquired 51.14 percent of the company shares. Since then, it has successfully supported the strategy and development of the CIECH Group and its transformation into a modern group with a growing position on international markets. Over the last nine years, the company has invested approximately PLN 5 billion in development by, among others, building a modern evaporated salt plant in Germany and acquiring a Spanish distributor of plant protection products.

The stock exchange history of CIECH is coming to an end, but the ambitious development plans for our Group do not end. The priorities remain unchanged - development on global markets based on innovation and operational excellence supported by the digitisation of business and production processes. We will be carrying out all these activities taking into account the ideas of sustainable development, implementation of our ESG Strategy and maintaining the highest standards of corporate governance - says Kamil Majczak, President of the Management Board of CIECH S.A.

Contact:

Zaneta Przybylska, CIECH Group's PR Department
zaneta.przybylska@ciechgroup.com, tel. +48 511 809 281.

We invite you to follow CIECH Group's main social media:
LinkedIn: https://pl.linkedin.com/company/ciech-sa/;
Twitter: twitter.com/RzecznikCIECH.

CIECH is an international developing chemical group with a strong position on global markets. It is the second largest manufacturer of sodium carbonate and sodium bicarbonate in the European Union, the largest manufacturer of evaporated salt in Poland, the largest supplier of sodium silicates in Europe, the largest Polish manufacturer of plant protection products, and a leading producer of polyurethane foams in Poland. Its factories are located in Poland, Germany and Romania, and it employs over 3,000 people throughout the EU.

Since 2005, CIECH S.A. has been listed on the Warsaw Stock Exchange, and since 2016, simultaneously, on one of the largest stock exchanges in Europe - Börse Frankfurt. The development of the Group is supported by its strategic investor - Kulczyk Investments.

As one of the largest Polish exporters, CIECH ships its goods to almost each continent. They are used to manufacture products necessary in the everyday life of millions of people around the world. That is why the Group is a crucial element of numerous sectors of the economy - construction, automotive, agriculture, chemical, food and pharmaceutical industries.

CIECH combines a modern business approach and care for sustainable development. Since 2020, it has been a member of the United Nations Global Compact - the world's largest initiative that brings together socially, environmentally, and economically responsible businesses.

More information about the CIECH Group can be found at www.ciechgroup.com.
© 2024 GlobeNewswire (Europe)
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