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.

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 ...