Poland's Office of Competition and Consumer Protection has approved the takeover of Polish household appliances maker Zelmer by German BSH Bosch und Siemens Hausgeräte. The deal has already been approved by anti-monopoly authorities of Ukraine, where one of the company's subsidiaries is located.
BSH announced a tender offer for 100 percent in Zelmer in November 2012. The tender was recently extended until March 15, as the companies were waiting for anti-monopoly approval in Poland.
Zelmer is one of the biggest companies in small household appliances sector in CEE. In Poland it has 22 percent of the market share. It also sells its products in other countries, including Russia and Ukraine.
In 2011 BSH posted €9.7 billion turnover. It has 42 factories worldwide and sells it equipment in 49 markets.
From Warsaw Business Journal
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