Locked content Report: 279 M&A transactions worth €11.2 bln in 2016

According to the Emerging Europe M&A Report 2016/17 compiled by DNB, there were 279 merger and acquisition transactions in Poland last year, worth €11.2 billion combined. “The biggest number of such transactions was in the real estate and construction sectors, as well as in production, services ...

Locked content PZU to acquire Pioneer

Poland’s larger insurance firm PZU may become the biggest insurer on the Polish market after it takes over Pioneer Pekao Investments, according to a report released on Monday by Rzeczpospolita. The acquisition could increase the amount of assets under its management to PLN 67 billion. The move...

Locked content Empik Media & Fashion to be taken over by Cyprus firm

Empik Media & Fashion (EMF), a group that includes Poland’s leading retailer of books, press, music, films, and games, is set to be taken over by Cyprus-based Bookzz Holdings following a general shareholders’ meeting on October 26. “The goal of the cross-border merger of the company with Bookzz ...

Locked content AXA takes over Liberty Ubezpieczenia for over PLN 100 mln

AXA has finalized its acquisition of Liberty Ubezpieczenia, the firm announced. The value of the transaction is PLN 101.3 million (€23.5 million). “We guarantee all current clients of Liberty Ubezpieczenia that their contract conditions will not change. We will make every effort to ensure that the c...

Locked content Alior Bank and PKO BP launch negotiations with Raiffeisen

State-run Polish lender PKO BP  and Alior Bank informed that they have started exclusive negotiations with Austria’s Raiffeisen over the purchase of its Polish unit. “The Bank has entered into negotiations with Raiffeisen Bank International relating to the acquisition by the Bank (direct...

Locked content CCC acquires Russian 3S Retail

Footwear producer CCC’s unit CCC Shoes & Bags acquired a 75 percent stake in Russia’s 3S Retail for RUB 375,000 (PLN 22,300), the company informed in a market filing. Currently, 3S Retail (renamed to CCC Russia) is CCC’s only distributor on the Russian market. Recently in June,...

Locked content Enterprise Investors acquires Slovenian Intersport for €35 mln

Polish Enterprise Fund VII, a private equity fund managed by Enterprise Investors, has acquired 100 percent of shares in Mercator Group’s subsidiary Intersport ISI, the leading sporting goods retailer in the Balkans. The value of the agreement stands at €34.5 million (approximately PLN 150 mil...

Locked content Biedronka to bid for Romanian chain

Polish discount store chain Biedronka, owned by Portuguese Jeronimo Martins, is interested in buying Romanian retail chain Profi, Romania Insider informed. Polish fund managers Enterprise Investors have appointed Citi Corporate to handle the sale and the American company is waiting until the end of ...

FinMin: No rivals interested in Pekao takeover

“The Polish government favors a purchase of UniCredit’s Polish lender Bank Pekao by domestic insurer PZU, but the price must be fair,” Finance Minister Paweł Szałamacha announced during the Ambrosetti Forum on August 3.