Locked content Chinese Fosun offers to buy 16.7% stake in Bank Millennium owner

Fosun Group, China’s biggest private conglomerate, is interested in the purchase of a stake in Portuguese Millennium BCP Reuters informed. Millenium is the majority owner of Polish Bank Millennium. According to the news agency, Fosun International made a firm offer to buy a 16.7 percent stake,...

Locked content Echo Investment acquires Compass Offices

On August 25, real estate developer Echo Investment officially confirmed the acquisition of 100 percent of shares in serviced office space provider Compass Offices. The amount of the agreement is unknown. “Due to our dynamic growth in the office sector, we decided to acquire a partner who will...

Locked content CCC close to buying Russian retailer

Footwear producer CCC plans to buy 75 percent in Russia’s 3S Retail, the company informed in a statement. An estimated value of transaction stands at RUB 375,000 (PLN 22,185). Recently in June, the company announced an ambition to become Europe’s largest footwear distributor in terms of ...

Locked content PZU negotiates with banks on buying assets – CEO

Poland’s biggest state-controlled insurer PZU is considering purchasing several banking assets, CEO Michał Krupiński announced on radio Jedynka. “Currently we are in talks over buying several other banking entities,” Krupiński said. “I would not comment on concrete transactio...

Locked content Alior holds over 90% in Bank BPH

Commercial lender Alior Bank bought 46.5 million shares in Bank BPH under the tender offer for 50.6 million shares (66 percent stake) and will seek a squeeze-out of minority shareholders after the end of the offer, the bank informed. Following the transaction settlement due on August 24, Alior and B...

Locked content KNF approves takeover of Bank BPH by Alior

Commercial lender Alior Bank was granted with approval from financial regulator KNF for the takeover of Bank BPH, the watchdog informed in a statement. BPH assets, save for the mortgage portfolio and fund manager BPH TFI, will be transferred to Alior. The remaining parts of the bank will be kept by ...

Locked content Neuca acquires Migmed Centrum Medyczne

NeucaMed, a subsidiary of Neuca has bought a 100 percent stake in Migmed Centrum Medyczne Sp. z o.o., the company informed in a market filing. The value of the transaction has not been disclosed. Migmed Centrum Medyczne covers the healthcare of 2,500 POZ (Primary Care) patients, additionally providi...

Locked content PKP Cargo looking for new mergers and acquisitions

PKP Cargo CEO has confirmed its interest in mergers and acquisitions transactions (M&A) on the market of fuel and petchem products shipment. “We are interested in the market of fuel and petchem products shipment,” PKP Cargo CEO Maciej Libiszewski said as cited in a statement. “...

Locked content Wirtualna Polska acquires 75% of shares in Nocowanie.pl

Online media group Wirtualna Polska Holding has acquired 75 percent of the shares in Nocowanie.pl for PLN 22 million, the company said in a statement. “Wirtualna Polska has not only strengthened its position as the leader in tourism e-commerce, but has also reduced short-term income fluctuatio...

Locked content Alior Bank acquires credit union Powszechna SKOK

The financial market regulator KNF has approved Alior Bank’s decision to take over ailing credit union Powszechna SKOK with deposits of PLN 42 million, the watchdog informed. “Alior Bank’s situation allows it to take over Powszechna SKOK in a way which can preserve the financial ma...