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 ...

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...