Locked content CBRE purchases Jantar shopping center for €92 mln

CBRE Global Investors has purchased Jantar shopping center in Słupsk (Pomorskie voivodship), a press release read. The value of the transaction amounts to €92 million, the rate of return is 7.1 percent. CH Jantar is the largest shopping mall in Słupsk and one of the biggest in northern Poland. The c...

Locked content Famur to acquire Kopex

On April 21, Grupa Famur, part of TDJ, applied to the Office of Competition and Consumer Protection (UOKiK) in relation to the acquisition of Kopex. UOKiK’s approval is one of the necessary conditions for carrying out the process of industry consolidation, involving the integration of Grupa Fa...

Locked content KNF approves merger of BGŻ BNP Paribas and Sygma Bank

The Polish Financial Supervision Authority (KNF) has approved  the merger of Bank BGŻ BNP Paribas with Sygma Bank Polska and the transfer of all Sygma’s assets to BGŻ BNP Paribas, the KNF reported. BNP Paribas estimated synergies related to the merger with Sygma Bank at PLN 86 million as of 20...

Locked content CCC to pay extra PLN 100 mln for eObuwie

Footwear producer CCC will pay another PLN 100.7 mln for a 74.99 percent stake in online store eObuwie.pl after it posted a PLN 26.33 mln EBITDA in 2015, the company reports. Earlier in August, CCC purchased web footwear retailer eObuwie for PLN 130 mln, so the final price of the acquired stake in t...

Locked content BGŻ BNP Paribas to end cuts this year

Bank BGŻ BNP Paribas is maintaining its plan to reduce its workforce by 1800 by the end of this year. The bank has however, reached its desired level of branches, which is 500, said bank board member Bartosz Urbaniak. On April 30, 2015, banks BGŻ and BNP Paribas announced that they would merge, and ...

Locked content Columbia Machine acquires Radom-based firm

American Columbia Machine has announced the takeover of Radom-based concrete components producer Techmatik, one of the city’s biggest employers, Puls Biznesu daily reported. The value of the transaction has not been disclosed. Techmatik has been a long term business partner of Columbia Machine...

Locked content Kruk eyes Kredyt Inkaso

Debt collector Kruk is allegedly interested in acquiring its competitor Kredyt Inkaso, according to ISBnews agency. The agency cited a market source saying that the boards of the companies have already held talks regarding a possible transaction. “We are in talks with other entities, investors...

Locked content Fortum to acquire Duon

The anti-monopoly watchdog UOKiK has approved the acquisition of electric energy and LNG provider Grupa Duon by Finnish Fortum. On January 28, subscriptions began for a tender offer of Duon’s shares announced by Forum. Expected completion is on February 26. Fortum wants to acquire 100 percent ...

Locked content Rank Progress sells Aviator

Property developer Rank Progress has sold the Aviator scheme to Pergranso for over PLN 67.3 million, the media reported. Aviator is a shopping mall based in Mielec (Podkarpackie voivodship). It is still under construction. Aviator will encompass 33,200 sqm including 25,400 sqm of GLA. Rank Progress ...