Prime Minister Tusk wants to save Rafako. Words about arms production were catapped by the company's course

The price of Rafako shares in bankruptcy on the WSE has been at most for over half a year, after Prime Minister Donald Tusk announced the resumption of production in the company, but for the arms sector. “We decided to invest some money there to keep this place,” said Tusk, which put investors on the stock exchange in the euphoria. Trade in Rafako shares was suspended by the advantage of buying orders at each price.

Prime Minister Donald Tusk during the New Ideas Forum in Warsaw said that “the state would invest some money in Rafako to keep this place.” What's more, he suggested that although the current production for which the company was famous is not possible, “is” Polish and European money to spend and in the interest of state security is to spend it on arms production. ”

Rafako share price in bankruptcy (after a court judgment, the GPW means the company's papers) gained 45.82 percent on Tuesday until noon. The course was PLN 0.6110 per share and meant that it was at most from September 2024. Just before noon, the company's shares trade was once again suspended and the exchange rate was balanced, due to the enormous advantage of purchase orders at each price. On the so -called The forks were over an hour. Until balancing, after a growth by nearly 46 percent, the turnover of penny shares was over PLN 7.09 million and concerned PLN 12.3 million.

Although the government's plan for Rafako has been talked about for several months, after in September last year the company's management submitted to the court a declaration of bankruptcy, it was not known too much about what the plant would do. Now it turns out that the future of Rafako is to be associated with the most “hot” industry in the European industry, which is reinforcement. It is on EU reinforcements that he wants to spend EUR 800 billion. In turn, Poland maintains plans for spending about 5 percent for defense. GDP.

In the context of Rafako, it was known that the State Industrial Development Agency was involved in conversations about the future, which issued an official message on this subject on April 4. In addition, they were attended by Polimex Mostostal and the Silesia Financial Society belonging to the State Treasury, which is in the EC Będzin stock market shareholding, and in 2023 it was the largest shareholder of Torpol, also listed on the WSE.

In his speech, Donald Tusk stated that nothing prevents you from starting reinforcing production, and in a wide range, in a place where boilers were once produced. “It turned out that the continuation of the production for which Rafako was famous is impossible,” said the prime minister.

It is worth adding that the saving of Rafako, which for many years struggled with huge problems, Donald Tusk spoke during the election campaign before the parliamentary election in 2023, about which more in the article “In Rafako without changes, i.e. changes again. The stock market plant for the credibility of Prime Minister Tusk.”

Rafako has been a beneficiary of considerable public aid for years, and one of the investors is the FIZ of the Polish Development Fund with the participation of 7.84 percent. in the shareholding. At the end of 2022, it was announced that the State Treasury purchased Rafako bonds for PLN 100 million as part of restructuring. In addition, state banks financed the company's current operations.

More about the history of Rafako and his problems, which led to the fact that according to the last report had nearly PLN 1.2 billion of negative own capital with obliged hundreds of millions of zlotys, you can read in the article “The management board applies for Rafako bankruptcy.”

Michał Kubicki

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