Sunday, April 20th, 2014
Today's weather     
Eko Holding rejects Mid Europa's takeover offer

20th September 2012
Bookmark and Share

Analysts thought that Polish supermarket chain Eko Holding would almost certainly end up in private equity firm Mid Europa's portfolio on Wednesday, but they turned out to be wrong.

Even though Mid Europa's offer for zł.5.5 a share is much higher than that of its competitor, Advent International (which offered zł.4.1 per share), Eko Holding's majority shareholders did not even want to discuss the offer, Parkiet reported.

The Financial Supervision Authority is now investigating this.

Rumor has it that Eko's largest shareholder and president of the board – Krzysztof Gradecki, is favoring Advent because the fund is ready to pay him a significant premium for a controlling stake in the company.

Poland A.M.

From Warsaw Business Journal

The business of politics
Poland’s PM owes Putin one
BY Remi Adekoya
A few months ago, Civic Platform (PO), Poland’s ruling party, looked sure to lose the upcoming European Parliamentary elections in May. Poll ... READ MORE
From the editor
A day full of possibilities
BY Andrew Kureth
My favorite cartoon ever drawn is the final strip of the iconic “Calvin and Hobbes” series, by fellow Kenyon College alumnus ... READ MORE
Our partners