Locked content BGŻ and BNP Paribas announce merger plan

The boards of Bank Gospodarki Żywnościowej (BGŻ) and BNP Paribas Bank Polska have agreed on the lenders’ merger plan, according to their joint statement. In the course of the merger, all assets in BNP Paribas Bank Polska will be transferred to BGŻ, in exchange for a new share issue. BGŻ will i...

Locked content Innova and EMP increase stake in Bakalland

Innova Phoenix and EMP Investments have acquired 3,435,279 shares in nuts and raisins distributor Bakalland in a tender offer, the deal’s manager Ipopema Securities said in a statement on Wednesday. The two firms announce a tender for Bakalland shares in August. They intended to buy 5,183,311 shares...

Locked content More bidders interested in FM Bank

Hungarian bank OTP and private equity fund AnaCap Financial Partners are interested in buying Polish FM Bank PBP, according to sources quoted by Puls Biznesu. Both are said to have inquired about a possible takeover at the Polish Financial Supervision Authority. So far Polish Bank Ochrony Środowiska...

Locked content CEZ mulls acquisition of Energa stake

CEZ, the largest Czech power utility, would like to buy a majority stake in Polish peer Energa, the company’s CEO Daniel Beneš told Czech daily Hospodářské noviny. However, the companies have not held any talks yet, CEZ press officer Ladislav Kříž told Bloomberg in response to a query. “We mentioned...

Locked content Polski Tytoń buys electronic services provider

Tobacco and FMCG distributor Polski Tytoń has applied with the consumer watchdog UOKiK for the permission to take over 100 percent of shares of BluePay, a electronic services provider. On 17 September, Polski Tytoń signed a conditional agreement with BluePay for the purchase of its shares. The condi...

Locked content Asseco CE working on acquisitions

IT firm Asseco Central Europe, part of the Asseco Poland group, is considering two acquisitions at the moment, the company’s CEO Jozef Klein told the Polish Press Agency. One of the potential acquisition targets is German and the other is Slovak. Each has a revenue of some €12-15 million euro annual...

Locked content Ipopema to take over Gant’s assets?

Fund management firm Ipopema TFI has applied to the Office of Competition and Consumer Protection for the approval of its takeover of market peer Gant TFI, the watchdog said on its website. Gant TFI, which is part of the troubled Gant Development group, manages closed-end investment fund Gant FIZ. T...