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...

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...