Czech deputy PM eyes acquisitions in Poland

Czech billionaire and deputy Prime Minister, Andrej Babis who purchased Good Food, a Polish firm from the fast-moving consumer goods sector (FMCG), this April is planning further purchases in Poland. According to media reports, Babis could spend some PLN 160 million (1 billion Czech crowns) on the Polish company, he has invested approximately PLN 16 million ( 100 million Czech crowns) for a new production line and is going to inject a further PLN 30 million for Good Food development. Most importantly, Babis is considering more transactions on the Polish food market, Jozef Janov, the CEO at Hartenber Capital, controlled by the billionaire, told the Czech media. His spending could reach a few million crowns.