Locked content Gobarto acquires meat producer Jama

Gobarto has acquired wholesale meat producer Jama, based in Wałbrzych, Gobarto stated in a market filing. The base value of the transaction is PLN 12 million, which may change depending on the value of the balance sheet upon closing. In April 2017, Gobarto entered into a conditional purchase agreeme...

Locked content PE fund acquires food producer Hortex

Private equity fund Mid Europa Partners has signed an agreement to acquire 100 percent of shares of juice, drinks and frozen fruit and vegetable producer Hortex from a fund controlled by Argan Capital, they buyer stated. The deal is subject to an approval from consumer watchdog UOKiK and it is set t...

Locked content EY: 107 M&A deals in H1 in Poland

According to EY consultancy, there were 107 merger and acquisition deals in Poland in the first six months of the year. In the CEE and South-Eastern Europe region, there were 473 such deals, down by 27.8 percent less y/y. In Poland, one of the reasons for the lower transaction volume could be reduce...

Locked content PZU looking for potential takeover deals abroad

WSE-listed insurer PZU is seeking takeover opportunities among foreign insurance companies, the Development Ministry said. “The PZU group is seeking possibilities of creating added value through takeovers of insurance firms, which will be the basic M&A targets in foreign expansion,” the Ministry...

Locked content PGO purchases Kopex

Polish foundry group Polska Grupa Odlewnicza (PGO) has acquired 100 percent of Kopex Foundry, paying a total of PLN 7 million, Polish Foundry stated in a press release on Thursday. PGO indicated that it felt the move would allow it to expand its operations. “As a result of the transaction, PGO [has ...

Locked content M&A transactions fall by half y/y in Q3

The number of M&A transactions reached 33 in Q3 compared to 66 contracts a year earlier, according to Alicja Kukla-Kowalska of Fordata. After the first three quarters of 2016, a total of 132 transactions took place, compared to 177 in 2015. “The fact that, compared to the years 2013-2014, the Po...

TVN acquired by Scripps Network

US media company Scripps Network Interactive has purchased a 52.7 percent stake in Polish broadcasting network TVN for €584 million, the company informed on Monday. The stake has been bought from Polish financial holding ITI and French media firm Vivendi.

Locked content Elektrotim looking for acquisitions, foreign market entry

Besides potential acquisitions in Poland, Elektrotim is eyeing entering foreign markets, especially in Europe and in the Middle East, according to CEO Andrzej Diakun. Elektrotim is interested in firms that would allow it to attain export sales. “We’re interested in Europe as well as the ...

Locked content M&A total value in Poland fell to €4.5 billion

The total value of Mergers and Acquisitions in Poland dropped by some 61 percent year-on-year and reached €4.5 billion, according to a report published by CMS, AIG and EMIS. The total value of M&A was at €11.6 billion in 2013. In the CEE and South-East Europe, the value of transactions fell by 4...

Locked content More M&A on the Polish market

There were as many as 158 merger and acquisition transactions in 2014, 23 more than a year before Fordata informed. “We expect 2015 to be alike 2014 … There will be the same number of transactions and the deals will be worth up to PLN 100 million,” one of Fordata’s directors, Marta Kotwis said...