Asseco with UOKiK approval for Macrologic takeover

WSE-listed IT giant Asseco's subsidiary Asseco Business Solutions was granted the antitrust watchdog approval for the takeover of IT company Macrologic. Asseco launched a tender to buy 100 percent shares in its peer for PLN 59 apiece, which puts Macrologic value at PLN 111 million. Subscription runs from May 8 to June 6. The offer will go through only if at least 75 percent of Macrologic shares is sold. Macrologic specializes in ERP systems and BI analysis, it had PLN 7.1 million net profit last year.