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Current share price Stalexport Autostrady SA

3.92 zł -2% -0.08zł 2019-03-22

About the company

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Most important information on Stalexport Autostrady S.A.

Stalexport Autostrady (formerly STALEXPORT S.A.) commenced its operations on 1 January 1963 as Przedsiębiorstwo Handlu Zagranicznego „Stalexport”. It specialized in exporting and importing steel products as well as importing raw materials for the Polish steel industry. In 1993, the company was transformed into a Company wholly owned by the State Treasury and privatized, while as of 26 October 1994 the shares of the Company have been listed at the Warsaw Stock Exchange.

In 1997, Stalexport Autostrady won a tender process and was granted a concession to construct, adapt and operate A4 toll motorway section Katowice-Kraków (61 km) for the period of 30 years (in 2004, the concession was transferred to an entity established solely for this purpose, namely Stalexport Autostrada Małopolska S.A). The activities of the Company focused on two main areas, i.e. motorway services and commercial activities including exporting, importing and trading in Polish steel products, steel raw materials as well as steel products processing.

Starting from the half of 2006, the Company has been a part of an Italian Atlantia Group. The group manages a network of 5,138 km of toll motorways in Italy, Brazil, Chile, India and in Poland, and it is a leader with respect to automatic motorway toll collections systems. Atlantia is listed at the stock exchange in Milan and its market value amounts to ca. EUR 9.1 billion as at 31 December 2012.
The strategic investor allowed Stalexport Autostrady to acquire in total PLN 269,700 thousand in cash as a result of the share capital increase. At the first stage, the funds were earmarked to the completion of financial restructuring, while the remaining funds are allocated for covering the Company’s own contribution into the planned motorway projects. One of the elements of the restructuring process included the separation and disposal of the steel part.

Since 1 October 2007 the Company has focused only on activities related to the construction and operations of toll motorways as well as to the lease of office space in the office building at Mickiewicza 29 in Katowice.