WSE: Famur SA

Market news

17 March 2016

WSE: Famur SA

TDJ, the chief shareholder of mining machinery group Famur (WSE: FMF), signed a conditional deal to take over a majority stake in Kopex (WSE: KPX) from its main shareholder Krzysztof Jedrzejewski.

Both Famur and Kopex are gaining on the news: Kopex shares are up by 26% and Famur by nearly 19% after the first hour of WSE trade.

Famur Group is one of the world's leading manufacturers of machinery and mining equipment.

Kopex Group is the general contractor of investment projects in the mining of coal, lignite and metal ores, offering full support for the investment.

New Zealand's economy expanded at 0.9% in the fourth quarter

The Fed keeps its monetary unchanged in March

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