Stagnation of the Movement

Stagnation of the Movement

Despite the acquisition of Ruch, the situation in the company did not improve.

Last year, the arrangement proceedings of the main Polish press distributor were approved with creditors and the majority stake in the company was taken over by PKN Orlen. These events were hoped for an improvement in the financial situation of the Movement. At the moment, however, no increase in revenues has been seen. The main shareholder, however, assures that it maintains its willingness to support the Movement and announces the launch of the “Orlen w Ruchu” and “Orlen Paczka” projects.

Source: https://www.money.pl/gielda/ruch-nadal-ma-klopoty-orlen-nie-pomogl-6632053888789024a.html

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