PFR files PESA takeover motion to UOKiK

FIPP FIZAN fund controlled by state-run Polish Development Fund PFR filed the motion to the antitrust watchdog UOKiK to takeover rolling stock producer PESA. Back in May, PESA signed an agreement regulating in detail the rules for the takeover of its shares by the Polish Development Fund. This meant that the most important stage of the negotiations ended and the parties agreed and accepted the detailed conditions for the purchase of shares in the company by PFR and its co-financing. PESA said then that the transaction will be finalized in mid-June after the financial package has been agreed with banks and insurance companies.