Eiffage swoops in on last major construction giant without foreign investor

Yesterday the Securities and Stock Exchange Commission (KPWiG) gave permission to French construction company Eiffage to acquire more than a 50% stake in the publicly traded construction company Mitex, now one of the last major Polish construction companies without a strategic investor. Polish businessman and private investor Michal Solowow, who holds a 42% stake, refused to say whether he has agreed terms with the French firm. As reported by an Eiffage spokesman, the negotiations are still in progress and a conclusion will soon be reached, "but it does not mean that we will buy more than 50% of Mitex, at least for the time being". Poland's securities' watchdog says Eiffage has one year to effect the purchase. (Reuters) A.Z.