Locked content Delko to buy 50% in A&K Hurt-Market for PLN 7 mln

Delko has signed a preliminary conditional agreement regarding the purchase of 50 percent stake in A&K Hurt-Market for PLN 7 million – Delko announced in a statement. Delko is a distributor of household chemistry products, cosmetics, and personal hygiene products. Delko products are distri...

Locked content Poland plans to create state investment fund to finance takeovers

The Polish government wants to establish the Capital Investment Fund (FIK) that will be financed with a share of 30 percent of dividends from state firms and that will finance the Treasury’s investments in acquiring private enterprises according to a draft bill. “In relation to the need of a stable ...

Locked content 51 mergers and acquisitions in Q3 – Fordata

In Q3 there were 51 mergers and acquisitions in Poland, 9 more than in the same period of 2017, Fordata analysts said in M&A Index Poland report. The biggest number of M&A was in Media / IT/telecommunications (16 percent), Industrial sector (14 percent) and FMCG (12 percent). The largest tra...

Locked content Lux Med expands in Warmińsko-Mazurskie voivodship

Private healthcare company Lux Med Group acquired a 100 percent stake in Poluk Sp. z o.o. The medical clinic ProfMed in Olsztyn belongs to Poluk, Lux Med informed. For the group, this is another acquisition over the last months. In February this year, the company took over a modern MRI laboratory lo...

Locked content Aplisens buys Czah-Pomiar for up to PLN 9.2 mln

Measuring instruments manufacturer Aplisens signed an agreement to buy 100 percent stake in Czah-Pomiar. The deal value is up to PLN 9.2 million. The payment will consist of two installments. The first one is set at PLN 7.7 million, while the second will depend on Czah-Pomiar 2018 sales to one of it...

Locked content UOKiK approves Porta KMI Romania acquisition

The Office of Competition and Consumer Protection (UOKiK) has approved the acquisition of Porta KMI Romania by Porta KMI Poland, UOKiK revealed on Twitter. The Office received the application on July 4. Porta KMI Poland will take direct control of Porta KMI Romania via an acquisition of its share ca...

Locked content EPP gets approval to buy eight firms – UOKiK

The Office of Competition and Consumer Protection (UOKiK) has approved the acquisition of eight companies (Appel, Braam, Geel, Rood, Sering, Tulp, Zilver, and Zwart) by the Dutch EPP N.V., UOKiK revealed on Twitter. The Office received the application on June 29. EPP will take direct control in thos...

Locked content Inwestorzy.TV buys 97.75% in Inwestycje.pl

Media company Inwestycje.pl and its shareholders, Przemysław Spyra and Greycloud, who own 97.75 percent of the stake, signed an agreement with Inwestorzy.TV. Under the agreement, Inwestorzy.TV will receive 97.75 percent of Inwestycje.pl stake, and the two companies will merge by the end of 2019. Inw...

Locked content Bank Pekao Q2 net profit up at PLN 539.8 mln

Bank Pekao group Q2 net profit grew to PLN 539.8 million from PLN 535.1 million a year ago, above analysts’ forecast of PLN 536.2 million. Q2 net interest income stood at PLN 1.24 billion, close to the expectations. The interest margin increased in Q2 to 2.83 percent from 2.82 percent y/y. The...

Locked content Ciech buys Spanish Proplan for €44.6 mln

WSE-listed chemicals group Ciech has bought 100 percent stake in the Spanish Proplan Plant Protection Company. The deal value is €44.6 million. €4.5 million will be paid in equal installments during the period of 2019-2022. The current agreement to buy all Proplan shares replaced the previous agreem...