Locked content Lux Med will decide about acquisition of Swissmed shares by April 21

Lux Med signed with the main shareholder of Swissmed Centrum Zdrowia the Letter of Intent (LOI), regarding a pre-emptive right for the acquisition of Swissmed shares. The parties should sign an agreement by April 21. According to LOI, Lux Med will support Swissmed activities during the period no sho...

PZU buys stake in Alior bank

WSE-listed insurer PZU will buy a 25.25 percent stake in commercial lender Alior Bank from its lead shareholder Carlo Tessara for PLN 1.635 billion, the company announced on Saturday. The transaction needs to be approved by the Financial Supervision Authority (KNF) and consumer watchdog UOKiK.

Locked content Amica set to finalize two acquisitions

Kitchen appliances producer Amica wants to finalize two takeovers, one in France and the other in “Western Europe, on one of four markets: France, Great Britain, Italy or Spain,” said Wojciech Kocikowski, deputy CEO of the company. In France, Amica will acquire a 40 percent stake in one ...

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...