Famur to acquire Kopex

On April 21, Grupa Famur, part of TDJ, applied to the Office of Competition and Consumer Protection (UOKiK) in relation to the acquisition of Kopex. UOKiK's approval is one of the necessary conditions for carrying out the process of industry consolidation, involving the integration of Grupa Famur with Grupa Kopex. Earlier in March, TDJ signed a conditional agreement with Krzysztof Jędrzejewski, Kopex's shareholder, to take over a majority stake in peer Kopex. Krzysztof Jędrzejewski then held 58.6 percent of Kopex, while TDJ controlled only 9.99 percent. TDJ is a private investment company. Famur is part of TDJ, and a leading European manufacturer and supplier of mining machinery and equipment. Kopex-Group offers complex solutions for underground and open-pit mining.