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Echo Investment SA (ECH.WA)

ECH.WA on Warsaw Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Echo Investment Unit To Sell Gatehouse Office, Real Estate For EUR 74.3 Mln
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - ECHO INVESTMENT SA ::UNIT, DELLIA INVESTMENTS – PROJEKT ECHO 115 SP. Z O.O. SP. K. SIGNS PRELIM. AGREEMENT TO SELL ORGANISED PART OF BUSINESS TO LUX EUROPA III S.A R.L..BASE PRICE SET AT ABOUT EUR 74.3 MILLION.UNDER AGREEMENT UNIT AGREES TO SELL AMONG OTHERS REAL ESTATE ALONG WITH THE GATEHOUSE OFFICE .  Full Article

Echo Investment Q3 Net Profit Down At 31.3 Mln Zlotys
Tuesday, 27 Nov 2018 

Nov 28 (Reuters) - ECHO INVESTMENT SA ::SAID ON TUESDAY THAT Q3 NET PROFIT WAS 31.3 MLN ZLOTYS VS REVISED PROFIT OF 52.5 MLN ZLOTYS YR AGO.Q3 OPERATING PROFIT 69.5 MLN ZLOTYS VS REVISED PROFIT OF 76.9 MLN ZLOTYS YR AGO.Q3 REVENUE 248.7 MLN ZLOTYS VS REVISED REVENUE OF 154.1 MLN ZLOTYS YR AGO .  Full Article

Echo Investment Decides To Pay Advance On Dividend
Thursday, 8 Nov 2018 

Nov 9 (Reuters) - ECHO INVESTMENT SA ::SAID ON THURSDAY IT HAS DECIDED TO PAY ADVANCE ON FY 2018 DIVIDEND OF 0.50 ZLOTYS/SHARE.ADVANCE TO BE PAID ON DEC 19.  Full Article

European Commission Agrees On Joint Venture Of Echo Investment With R4R
Monday, 9 Jul 2018 

July 9 (Reuters) - ECHO INVESTMENT SA ::EUROPEAN COMMISSION AGREES ON JULY 6 ON CO'S JOINT VENTURE WITH R4R S.À R.L...  Full Article

Echo Investment Q1 Net Profit Down to 50.7 Mln Zlotys
Tuesday, 29 May 2018 

May 29 (Reuters) - Echo Investment SA ::Q1 NET PROFIT 50.7 MILLION ZLOTYS VERSUS 62.6 MILLION ZLOTYS YEAR AGO.Q1 REVENUE 64.4 MILLION ZLOTYS VERSUS 73.3 MILLION ZLOTYS YEAR AGO.Q1 OPERATING PROFIT 81.3 MILLION ZLOTYS VERSUS 89.7 MILLION ZLOTYS YEAR AGO.  Full Article

Echo Investment Signs Joint Venture Deal With R4R
Tuesday, 22 May 2018 

May 22(Reuters) - ECHO INVESTMENT SA ::SAID ON MONDAY THAT IT SIGNED A JOINT VENTURE DEAL WITH R4R S.À R.L. TO ESTABLISH A JOINT VENTURE COMPANY (JV).UNDER THE DEAL R4R AND ECHO INVESTMENT TO HOLD 70% AND 30% OF JV RESPECTIVELY.JV TO OPERATE AS A PLATFORM FOR THE CONSTRUCTION OF HOUSING REAL ESTATES FOR RENT IN POLAND.SHORTLY AFTER ESTABLISHING JV TO TAKE OVER FOUR PROJECTS ALREADY IN THE MAKING AND WILL UNDERTAKE CONSTRUCTION OF OVER 1,200 FLATS .THE CONSTRUCTION OF ANOTHER 1,700 FLATS WILL START IN THE NEXT 12 MONTHS.THE DEAL REQUIRES A CONSENT FOR CONCENTRATION FROM THE EUROPEAN COMMISSION AND THE COMPANY FILED A MOTION REGARDING THE MATTER ON APRIL 6.  Full Article

Echo Investment Issues 140 Mln Zlotys Coupon Bonds
Tuesday, 24 Apr 2018 

April 24 (Reuters) - ECHO INVESTMENT SA ::UNDER ITS BONDS ISSUE PROGRAMME ISSUES COUPON BONDS OF TOTAL NOMINAL AND ISSUE VALUE OF PLN 140 MILLION.BONDS TO BEAR VARIABLE INTEREST BASED ON WIBOR 6M INCREASED BY INVESTORS MARGIN PAID IN HALF-YEAR PERIODS.THE BONDS WERE ISSUED FOR THE PERIOD ENDING ON APRIL 25, 2022.  Full Article

Echo Investment FY Net Profit Down At 312.2 Mln Zlotys
Friday, 23 Mar 2018 

March 26 (Reuters) - ECHO INVESTMENT :SAID ON FRIDAY THAT IT REPORTED FY NET PROFIT 312.2 MLN ZLOTYS VS 393.3 MLN ZLOTYS YR AGO.FY OPERATING PROFIT WAS 274.8 MLN ZLOTYS VS 611.7 MLN ZLOTYS YR AGO.FY REVENUE WAS 621.9 MLN ZLOTYS VS 480.1 MLN ZLOTYS YR AGO .  Full Article

Griffin to acquire Polish retail properties in 1 bln euro deal
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Griffin Real Estate::Chariot Top Group BV, a company co-managed by Griffin Real Estate, through its subsidiaries, signed a preliminary agreement to acquire of a portfolio of 28 retail properties, including nine M1 shopping centres in Poland, from funds managed by Ares Management L.P., AXA Investment Managers – Real Assets and Apollo Rida..The value of the deal is around 1.0 billion euro, Griffin says. The portfolio has a total gross leasable area (GLA) of about 704,000 square metres .The acquisition will be partially financed with approximately 635 million euros of bank debt, Griffin Real Estate says .Following the closing of the transaction the consortium including Chariot Top Group will re-sell a part of the portfolio to EPP <<>>, which, upon the completion of the deal, will become the largest retail property owner in the region."We had a unique opportunity to acquire a highly diversified and attractive portfolio of assets," says Maciej Dyjas, managing partner at Griffin Real Estate​.  Full Article

Echo Investment Issues Coupon Bonds Of Total Value Of 150 Mln Zlotys
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - ECHO INVESTMENT SA ::ISSUES COUPON BONDS OF TOTAL VALUE OF 150 MILLION ZLOTYS.ISSUE PRICE WAS 10,OOO ZLOTY FOR EACH BOND, THEY ARE DUE ON NOV 30, 2021.  Full Article