ZM Henryk Kania to take over Staropolskie Specjały worth PLN 293 mln

WSE-listed meat producer ZM Henryk Kania has agreed to take over all the shares of competitor Staropolskie Speciały as payment of the debt the firm has against ZM Henryk Kania. The value of the acquired company is estimated at PLN 293 million. The takeover still needs green light from consumer watchdog UOKiK. ZM Henryk Kania has been quoted on the Warsaw Stock Exchange since March 2012.