Locked content PHN with UOKiK approval regarding takeover

WSE-listed developer Polski Holding Nieruchomości PHN received a green light from the antitrust watchdog UOKiK regarding the takeover of a general contracting firm. The name of the company was not disclosed, but PHN filed a motion to acquire Korporacja Budowlana Doraco back in December. “The company...

Locked content BZ WBK files DB Securities takeover motion to UOKiK

WSE-listed lender BZ WBK filed an application to takeover DB Securities to the antitrust watchdog UOKiK. “Bank Zachodni WBK SA based in Wrocław intends to purchase a separate part of Deutsche Bank Polska SA based in Warsaw and take sole and direct control over DB Securities SA based in Warsaw (DB Se...

Locked content Cyfrowy Polsat’ Netia takeover under UOKiK scrutiny

The antitrust watchdog UOKiK has extended antimonopoly proceedings on the WSE-listed telecom group Cyfrowy Polsat takeover of another listed operator Netia. The case has been entered into the second phase of the proceedings, reserved for more complicated cases. UOKiK now can conduct, among others, m...

Locked content Vistula-Bytom merger to be renegotiated?

WSE-listed fashion retailers Vistula and Bytom might adjust the share parity in the planned merger, as Bytom sales are lower than estimated. “Based on the monthly sales reports, it seems that at some points the assumptions presented by the board when preparing the valuation could be too ambitious. W...

Regulator approves major joint-venture project in Wrocław

Poland’s Office of Competition and Consumer Protection (UOKiK) has approved of the plans of developers Vantage Development and Rank Progress to establish joint entities that will develop the first part of a large mixed-use project in Wrocław. In December last year, the developers announced their pla...

Locked content LOT files complaint regarding Modlin airport to UOKiK – media

According to the Polish Press Agency PAP, state-run airline LOT filed a complaint to the antitrust watchdog UOKiK, regarding airport’s Modlin’s possible abuse of dominant position. “The activities of the airport led to the situation where the public airport operator guaranteed conditions to one carr...

Locked content Emperia takeover stalled by UOKiK

The antitrust watchdog UOKiK launched the second stage of its proceedings into the potential takeover of WSE-listed retailer Emperia by Lithuanian Maxima Grupe. Such phase is reserved for more complicated cases. UOKiK wants to conduct, among others, market analysis. Back in November, Maxima Grupa la...

Locked content UOKiK fines Bank Millennium

WSE-listed Bank Millennium has been slapped with a PLN 20.7 million fine by the antitrust watchdog UOKiK for “misleading its clients.” According to UOKiK the bank claimed that its abusive clauses put in the contracts and were on the public list of banned provisions were not a good enough reason to c...

Locked content UOKiK greenlights Robyg takeover

Antitrust watchdog UOKiK approved the takeover of the WSE-listed real estate developer Robyg by Bricks Acquisition Limited, a unit of Goldman Sachs, the company said in a market filing. Bricks announced a tender offer for 100 percent of Robyg shares (289 million) at PLN 3.55 apiece. The offer will g...

Locked content Famur gets UOKiK approval to set up SPV with PFR

WSE-listed mining machinery producer Famur got the approval from the antitrust watchdog UOKiK, regarding setting up a Mining Equipment Finance SPV with state-run Polish Development Fund PFR. Back in November, both sides signed a deal, according to which they will put PLN 150 million each into the co...