UOKiK clears Kopex's takeover by Famur

Anti-monopoly watchdog UOKiK has approved the takeover of mining machinery producer Kopex by TDJ, a majority shareholder of Famur, hence there are no more barriers for merging Kopex with Famur. 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.