Locked content Polish lenders to earn millions euro on Visa merger

Polish banks may acquire nearly €378 million through a merger of Visa Europe and US Visa Inc., the Polish Press Agency (PAP) reported citing their stock exchange releases. In November last year, Visa Inc. and Visa Europe announced the final deal on the merging of the two organizations into one globa...

Locked content Valad acquires Warsaw Corporate Centre

Valad Europe has purchased Warsaw Corporate Centre office building from MEAG fund, the value of the transaction has not been disclosed. “This is a high quality acquisition for VCERP and a well-known asset in Warsaw. In the past few months, we have started to see some excellent value-add opport...

Locked content MCI sells Invia for over PLN 300 mln

Polish venture fund MCI Management will sell Eastern Europe’s largest travel portal Invia to its Czech rival Rockaway Capital for PLN 325 million, Puls Biznesu daily reported. Puls Biznesu, citing anonymous sources, informed MCI would earn PLN 270 million for its 80 percent stake in Invia, wit...

PGZ to acquire Autosan

Contrary to previous reports, a consortium comprising HSW and PIT-Radwar (included in Polish Defense Holding – PGZ) will acquire bus producer Autosan, according to isanok.pl web portal. Details of the transaction have been revealed later by the company’s receiver.

Locked content Grupa Żywiec sells Distribev

Grupa Orbico has purchased an 80 percent stake in retail distributor Distribev,  part of Grupa Żywiec, the media reported. The stake’s approximate value stood at PLN 96 million. Anti-monopoly watchdog UOKiK has already approved the transaction. Orbico is a distributor of a large number of bran...

Locked content PGNiG and Azoty to merge – press

The Ministry of the State Treasury is considering a merger of state-run gas and oil company PGNiG with the country’s largest chemicals producer Grupa Azoty, according to Rzeczpospolita daily. “This is one of the options to choose from, no decision has yet been made. There are a few ideas...

Locked content Global Cosmed acquires Global Cosmed Group

WSE-listed Global Cosmed has taken over Global Cosmed Group, the owner of such brands as KRET, SOFIN, APART, BOBIN, the company reported. Global Cosmed has sold 38.06 million of its shares to Andreas Mielimonka in exchange for a100 percent stake in Global Cosmed Group. Mielimonka is the president of...