Locked content PKP analyzing offers for TK Telekom

Potential investors have submitted offers for the acquisition of TK Telekom, the telecommunications subsidiary of railway group PKP, the parent company said in a statement on Friday. The seller is currently analyzing the offers. The group expects selected bidders to launch due diligence of TK Teleko...

Locked content Onet.pl acquires Nk.pl

Internet portals firm Grupa Onet.pl has announced the acquisition of classmate networking service Nk.pl from Excolimp Investemnts. The deal value was not disclosed. Nk.pl, formerly Nasza Klasa, has about 5.2 unique users a month (according to Megapanel data from September 2014). Onet.pl said that on...

Locked content Port Gdański Eksploatacja sold

The Port of Gdańsk Authority said on Wednesday that it has picked Malta-based Mariner Capital Limited as the buyer of freight operator Port Gdański Eksploatacja (PGE). The parties have now “commenced the implementation of the procedures provided for in the sale process,” the statement said. Other bi...

Locked content EBRD may co-finance TK Telekom sale

The European Bank for Reconstruction and Development has offered to co-finance the purchase of shares in TK Telekom by potential investors, railway group PKP said in a statement on Wednesday. PKP received a letter of intent from the EBRD suggesting such an option. The bank also informed potential in...

Locked content Hyundai Glovis buys Adampol

Korean logistics giant Hyundai Glovis has acquired 70 percent in Polish freight forwarding firm Adampol, Puls Biznesu reported. Adampol’s founder, Adam Byglewski, had been looking for an investor for a long time. Despite that, negotiations with the Korean took more than a year, partly due to the Ukr...

Locked content Asseco Poland mulling acquisitions

Poland’s largest IT services company Asseco Poland is not working on any major takeovers but it is analyzing opportunities on the Czech and Slovak markets, the company’s deputy CEO Marek Panek was quoted as saying by the Polish Press Agency. “We will try to buy something attractive there, but not at...

Locked content PHN eyes acquisitions

Real estate group Polski Holding Nieruchomości (PHN) is analyzing several potential acquisitions of office projects, the company’s CEO Artur Lebiedziński told the Polish Press Agency in an interview. “They are office buildings located in Warsaw and other Polish major cities,” Lebiedziński said. “Not...

Locked content TVN sale more likely next year

The acquisition of a majority stake in broadcaster TVN is more likely to take place in 2015 than in the fourth quarter of 2014, the company’s representatives were quoted as saying by the Polish Press Agency. There are about 12 entities interested in buying the broadcaster, said CEO Markus Tellenbach...

Locked content KNF unlikely to approve BPH sale

It is highly unlikely that the Polish Financial Supervision Authority (KNF) will approve the sale of Bank BPH by GE to any bank operating in Poland, the watchdog’s vice-president Wojciech Kwaśniak told Reuters in an interview. Soon after the announcement by GE that it could sell the Polish bank, KNF...