Altus files motion to UOKiK on BPH TFI takeover

Altus Agent Transferowy has filed a motion to the antitrust watchdog UOKiK regarding the takeover of the BPH TFI investment fund, which approval is necessary to complete the transaction. Earlier this month, Altus TFI, announced that it has signed a conditional deal to acquire 100 percent stake in BPH TFI investment fund. This is Altus third attempt to acquire its peer. First one was in 2014, while another attempt was made two years later. Both times, the sides could not agree on the terms of the transaction. The deal price was set at PLN 20 million, but could change after the due diligence audit.