Locked content Bank Pekao to take over SKOK Kopernik

Poland’s second biggest lender Bank Pekao was authorized by the Financial Supervision Authority (KNF) to take over credit union SKOK Kopernik, the watchdog said in a statement on Friday. Bank Pekao will assume responsibility for SKOK Kopernik as of December 8, the KNF said. The takeover will be comp...

Locked content BNP Paribas agree with Rabobank on BGŻ squeeze out

BNP Paribas has signed an agreement with Rabobank in the squeeze out process of the shares of the BGŻ bank. BNP Paribas will be purchasing all the BGŻ shares remaining in circulation, while Rabobank has undertaken not to purchase any within the next 12 months. Before the agreement, BNP Paribas held ...

Locked content Sołowow and Starwood not taking over Echo – paper

US investment firm Starwood Capital Group and Polish investor Michał Sołowow are no longer in talks to acquire 46 percent in property developer Echo Investment, according to sources quoted by Puls Biznesu. Neither of the potential investors confirmed the talks. The sources said that the negotiations...

Locked content Kerdos Group sells production plant

Kerdos Group, formerly Hygienika, has signed an agreement to sell its hygienic products factory in Lubliniec to Mezzo Capital for PLN 35 million, the company said on Tuesday. Over the coming weeks the factory will be transferred into a separate company, Mr. House Europe, and sold. “The deal will ope...

New owner of TVN may be revealed in Q1

The potential buyer of the controlling stake in broadcaster TVN should be chosen in the first quarter of 2015, the company’s CEO Markus Tellenbach was quoted as saying by the Polish Press Agency.

Locked content Alior shareholders approve takeover issue

The EGM of Alior Bank, held on Friday, approved a resolution on the conditional issue of shares for the purpose of taking over Meritum Bank, according to a statement made after the meeting. A month earlier, a similar resolution did not go through at the lender’s shareholder meeting. In October, Alio...

Locked content Gazprom-Media preparing Polish deal – paper

Gazprom-Media, part of the group of Russian gas company Gazprom, is negotiating the acquisition of Polish television advertising broker Atmedia, according to sources quoted by Puls Biznesu. The company’s CEO Marcin Boroszko declined to comment. The sources said that Gazprom-Media is buying the Polis...

Locked content Eurocash invests in Frisco.pl

Major Polish FMCG distributor Eurocash has agreed to acquire 44 percent in e-commerce firm Frisco.pl, the companies said in a statement on Tuesday. The deal value was not disclosed. PE fund MCI Management will remain the firm’s majority shareholder. “Funds raised in this round of financing will allo...

Locked content Watchdog okays Neuca subsidiary sale

The Office of Competition and Consumer Protection (UOKiK) has approved the sale of pharmaceutical wholesaler Exigo by Neuca to sector firm Intra, the watchdog said on its website on Monday. The deal allows for the completion of an earlier transaction, which involved the acquisition of ACP Pharma, th...