Locked content Emperia shareholders decide on delisting

Emperia shareholders decided on delisting of company shares from the Warsaw Stock Exchange as a result of the mandatory tender offer. Following the offer Maxima Grupe together with its unit Elpro Development owns 100 percent in Emperia. UOKiK approved the acquisition of control over Emperia by Maxim...

Locked content Enterprise Investors buys Studenac

Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors (EI),  signed an agreement to buy 100 percent shares in Croatian grocery chain Studenac, EI said in a statement.  The transaction value was not disclosed. The deal requires obtaining antimonopoly approval. “During our...

Locked content Altus TFI to merge with Esaliens TFI

At the end of May investment fund Altus TFI started negotiations regarding the merger with Esaliens, the company said. Altus TFI will take over the assets of Esaliens TFI. In exchange, Esaliens TF shareholders will receive newly issued Altus TFI shares. The final merger plan will be disclosed in Jun...

Locked content Vienna Insurance Group buys Gothaer TU

Vienna Insurance Group signed an agreement to acquire 100 percent in Gothaer TU, a unit of  Gothaer Finanzholding AG. The transaction should be finalized in about 6 months after obtaining the required regulatory approvals. The price was not disclosed. “Gothaer TU S.A. will contribute PLN 620 m...

Locked content Polska Grupa Lotnicza applies to UOKiK to buy PLL LOT

Polska Grupa Lotnicza filed an application to UOKiK to acquire control over Polskie Linie Lotnicze (PLL) LOT, LOT Aircraft Maintenance Services and LS Airport Services. Polska Grupa Lotnicza is a State Treasury company established to consolidate selected State Treasury assets on the aviation market....

Locked content AmRest to buy 15 KFC restaurants in France

WSE-listed restaurant operator AmRest signed a preliminary agreement with KFC France for the purchase of 15 KFC restaurants. The purchase price will depend on due diligence procedures that will be carried out by AmRest. The deal is expected to be finalized by September 30. “AmRest sees great p...

Locked content UOKiK gives Eurocash green light to buy Mila

Polish wholesaler Eurocash has secured from UOKiK unconditional approval for the acquisition of 100 percent in Domelius Limited. As a result, Eurocash will receive control in its subsidiaries Mila Holding, Mila, Investpol 700 Mila and Koja-Mila. In September 2017, Eurocash signed a preliminary agree...

Locked content PBKM subsidiary buys Biocell Lugano

Famicord, a subsidiary of Polish stem cell bank PBKM, acquired 100 percent of shares in Biocell Lugano, PBKM said in a statement. The maximum price is set at €1.6 million (PLN 6.9 million). Under the agreement, the payment will be executed in three tranches of PLN 0.25 million, PLN 0.75 million and ...

Locked content UOKiK approves Netia’s acquisition by Cyfrowy Polsat

Poland’s antitrust watchdog UOKiK has approved WSE-listed telecom group Cyfrowy Polsat takeover of another listed operator Netia. Currently, Cyfrowy Polsat owns an approx. 32 percent stake in Netia. It will acquire further 34.24 percent (119.3 million shares),  receiving a controlling interest. Cyfr...

Locked content Pekao, Alior will decide about merger by end of Q2

Negotiations about merger or cooperation of Pekao and Alior should finish by the end of Q2. “We would like to take the decision as soon as possible, no later than by the end of Q2,” Pekao CEO Michał Krupiński said. Pekao and Alior announced they were considering cooperation or a merger in October 20...