12th February 2013
Saturday, May 25th, 2013
BSH extends tender for Zelmer
German home-appliance producer BSH Bosch und Siemens Hausgeräte extended its tender offer for Polish peer Zelmer until March 15. The offer may also be further extended, until April 2, as the companies have not yet received approval from the Office of Competition and Consumer Protection for BSH's takeover of Zelmer. The German firm announced it would buy the Polish company in mid-November 2012. Russian and Ukrainian competition watchdogs have already approved the deal.
The price of the share announced in tender is zł.40.
Zelmer currently claims over 20 percent of the Polish home-appliances market. It also exports it products to 35 other countries. In 2011, Zelmer has posted a zł.675 million in revenue.
From Warsaw Business Journal
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