Locked content SocGen closest to purchase Alior Bank shares?

Societe Generale (SocGen) is the frontrunner to acquire a 26 percent holding of Polish lender Alior Bank, according to two anonymous sources cited by Reuters. The French lender has been waiting for the merger of Alior and Meritum as, “SocGen has exclusivity and the transaction is a matter of c...

Locked content American Heart of Poland closer to be sold

Poland’s network of cardiology clinics, American Heart of Poland (AHP) worth PLN 1 billion is to be acquired by two strategic partners and few private equity funds, Puls Biznesu daily reported. German medical company, Fresenius (sales valued over €20 billion) is to be interested in AHP, but ha...

Monnari ready for acquisitions and going abroad

Poland’s fashion retailer Monnari Trade is planning to make more acquisitions this year and is also considering expansion into foreign markets. The details will be revealed in March or April, the company informed.

Locked content Onet.pl with green light to acquire NK.pl

Poland’s largest web portal Onet is getting closer to taking over social website NK.pl (formerly known as naszaklasa.pl). Consumer watchdog UOKiK has given permission for the acquisition as it “will not disturb the competition in the market,” Polish Radio reported. Onet announced its decision in Nov...

Locked content PKP Cargo closer to PMT acquisition

PKP Cargo, a Polish state-owned cargo transportation company reached an initial deal in line with which it will acquire 49 percent of Pol-Miedź Trans (PMT) shares, the company said in a press release. PMT belongs to KGHM Polska Miedź, a Polish state-owned copper and refined silver producer. The tran...

Locked content PKO BP to sell Qualia

PKO BP, a state-controlled Polish lender will sell 100 percent of its share in a real estate developer Qualia Development to one of Griffin Group’s funds, according to the Polish Press Agency. PKO is going to put up for sale real estate located in the center of Warsaw as well. The letter of in...

Locked content Tauron to buy Brzeszcze mine

Tauron is to be interested in purchasing Brzeszcze mine, one of Kompania Węglowa’s plants, under the condition that the output is profitable, according to Rzeczpospolita daily.”We have expressed an initial interest in buying the whole or a part of Brzeszcze mine’s assets, because i...

Locked content PGE interested in Vattenfall’s plants

PGE, the Polish state-controlled power company is considering acquisition of some of Vattenfall’s assets, Forsal.pl reported. The transaction is to be worth around €2-3 bln, according to estimates. In Germany,Vattenfall is the owner of three coal power plants (Jaenschealde, Schwarze Pumpe and ...

Locked content Elemental to enter Balkan market

Poland’s electronic waste recycling company Elemental Holding is to acquire a Balkan entity with a yearly turnover of around PLN 300 million. Accoridng to Elemental’s vice-president Jarosław Michalik, the decision is to be made in the second quarter of the current year, Parkiet.com reported. The com...