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...

Locked content UOKiK fines Pfleiderer PLN 36 mln for cartel pricing

WSE-listed chipboard producer Pfleiderer’s two subsidiaries have been fined PLN 35.76 million by the antitrust watchdog UOKiK as part of its PLN 135 million fines for cartel pricing in the sector. In total, five companies, within three capital groups were fined, they include: Pfleiderer Group, Pflei...

Locked content Pfleiderer may face a significant fine for breaking competition laws

WSE-listed chipboard producer Pfleiderer may face a fine of up to 10 percent of its revenues as a result of a collusion investigation run by antitrust watchdog UOKiK, Pfleiderer said in a market filing. The alleged collusion concerns an agreement on price fixing and exchange of commercial informatio...

Locked content Benefit acquisition deal under UOKiK scrutiny

WSE-listed employee benefits program operator Benefit Systems deal to purchase Calypso Fitness has raised objections from the antitrust watchdog UOKiK, which is worried that it could limit competition in the markets of sports and recreational packages offered to employers and provide access to sport...

Locked content Aflofarm with PLN 26 mln fine from UOKiK

Antitrust watchdog UOKiK has slapped a PLN 26 million fine on pharma producer Aflofarm Farmacja Polska. The fine is for the misleading commercial of Aflofarm’s sinus infection Renopuren dietary supplement which “were advertised in a manner suggestive of actual medical properties.” According to Polis...

Locked content UOKiK extends Bytom-Vistula merger proceedings

The antitrust watchdog UOKiK has extended antimonopoly proceedings on the merger of clothing retailers Vistula and Bytom by 4 months. The case has been entered into the second phase of the proceedings, reserved for more complicated cases. UOKiK now can conduct, among others, market analysis. The mer...

Locked content UOKiK launches proceedings agains three banks

Consumer watchdog UOKiK has initiated proceedings against lenders BPH, PKO BP and Pekao in relation to the way the banks calculated spreads on mortgage loans denominated in foreign currencies, UOKiK stated. The consumer protection office is alleging that the banks used imprecise wording in their mor...

Locked content PGE secures conditional UOKiK approval for EDF purchase

The anti-trust watchdog UOKiK, granted the conditional approval to WSE-listed power group PGE for the takeover of the Polish assets of EDF. In return, PGE will have to sell all power from the Rybnik power plant (roughly 25 percent of all the generated power) on the power exchange TGE until 2021. “Ex...

Locked content PGE submits its proposals to clear the takeover of EDF assets

According to Rzeczpospolita daily, PGE has submitted proposals to antitrust watchdog UOKiK which would allow it to takeover the Polish assets of EDF. The proposal includes: selling the coal-fired plant in Rybnik, letting someone else manage it, or increasing the mandatory 15 percent threshold of ene...