Locked content PGE planned EDF takeover a threat to competition – UOKiK

After further analysis, Poland’s antitrust watchdog UOKiK said that the planned takeover of  Polish assets by state-owned power utility PGE could pose a threat to competition and limit electricity sales of the commodity exchange TGE. “Increasing PGE’s position may also result in a decline in t...

Locked content UOKiK with ‘major reservation’ on PGE takeover of EDF assets

Poland’s anti-trust body UOKiK has “major reservations” about state-owned utility PGE takeover of the Polish assets of French utility EDF. UOKiK will publish its concerns later this month after it finishes the second stage of the proceedings. The additional stage was launched as UOKiK wanted t...

Locked content GetBack gets UOKiK approval for EGB takeover

WSE-listed debt collector GetBack received the Polish antitrust watchdog UOKiK approval to takeover EGB Investments from Atlus TFI. GetBack bought EGB back in May, acquiring 99.4 percent of its shares for PLN 207.6 million. EGB Investments conducts debt collection activities, assisting banks, financ...

Locked content H + H files motion for Silikata Group takeover

Polish subsidiary of H + H has submitted an application to the Office for Competition and Consumer Protection (UOKiK) for approval to take control of the Silikata Group. H + H is a manufacturer and seller of autoclaved cellular concrete blocks and tiles as well as mortars for joining concrete cellul...

Locked content PGE Polish EDF assets takeover under detailed scrutiny – UOKiK

WSE-listed power group PGE has been put under more detailed scrutiny of its takeover of Polish assets of French utility EDF by the antitrust watchdog UOKiK. The case has been entered into the second phase of the proceedings, reserved for more complicated cases. UOKiK wants to conduct, among others, ...

Locked content Three banks under UOKiK scrutiny over FX mortgages

The antitrust watchdog UOKiK has launched inquiries into Getting Noble Bank, Deutsche Bank and Raiffeisen Bank Polska FX rates setting policies, which UOKiK calls “unclear.” “They are imprecise, arbitrarily determined. Raiffeisen set their FX rates on ‘average intra-bank exchange rates,’ Deutsche Ba...

Locked content PZU gets anit-trust approval for Bank Pekao takeover

WSE-listed insurer PZU secured the anti-trust watchdog UOKiK’s approval to buy 32.8 percent stake in Bank Pekao, meeting one of the conditions for the deal to go through, PZU said in a market filing. PZU and state fund PFR paid PLN 10.59 billion for the stake. The last major hurdle required fo...

Locked content Three banks under scrutiny over FX rate setting rules

Poland’s antitrust watchdog UOKiK has launched inquiry, regarding banks BZ WBK, Millennium and BGZ BNP Paribas FX rates setting rules, which UOKiK called “unclear.” “The provisions in question are both imprecise and discretionary in nature; for example, the currency exchange rate would be dete...

Locked content Orange Polska hit with PLN 30 mln fine

WSE-listed telecom group Orange Polska has been issued a PLN 30 million fine from anti-monopoly watchdog UOKiK for “unlawful prolongation of contracts for fixed line phone and internet services. Additionally, Orange will have to pay further compensation to clients and former clients affected by the ...

Locked content Polsat hit with PLN 40 million fine

Polish antimonopoly watchdog, UOKiK has fined Cyfrowy Polsat and telecom Polkomtel (both controlled by Polish billionaire Zygmunt Solorz-Żak) with combined fines of over PLN 40 million over misleading ads. UOKiK launched its investigation after a number of complaints from customers of smartDOM and P...