EC gives green light for Smyk acquisition
11:12
The European Commission has given permission for a takeover of Poland's Empik Media & Fashion (EM&F) by a company owned by London-based private equity group Bridgepoint.
In January, EM&F signed a PLN 1.06 billion deal to sell Smyk, a children's apparel and toy store chain. The price includes debt.
The chain has 125 stores in Poland and EM&F said that there is potential for sales to grow by 11 percent per year.
