Marvipol to spin off its car business

WSE-listed real estate company Marvipol plans to complete its spin off of M Automotive Holding and float it on the Warsaw Stock Exchange by the end of the first half of 2015, according to the ISBnews agency. The company’s division is aiming at getting a reliable valuation of its automotive business, enabling potential investors to choose the company profile and improve structure clarity for Marvipol’s shareholders. M Automotive Holding is an exclusive representative of Land Rover, Jaguar and Aston Martin brands in Poland. It also owns the carwash chain Robo Wash.