Marvipol to spin off car business

The management board of property developer Marvipol has decided to spin off its car-related business into a separate company called M Automotive Holding, the firm said in a statement on Friday. The goal of the move is to allow potential investors to choose the sector profile they are interested in,” the statement said. The board would like M Automotive Holding to be listed on the regulated market of the Warsaw Stock Exchange, the company added.