Pension funds, residential construction, coal derivatives, medical equipment, and the travel industries to be affected by UOKiK decisions clearing multiple acquisitions and a joint venture.

In the first transaction, Aegon Powszechne Towarzystwo Emerytalne (Aegon PTE) will acquire part of the property of Nordea Powszechne Towarzystwo Emerytalne (Nordea PTE). Both companies manage open pension funds (Aegon OFE, Nordea OFE). Under the terms of the deal, Aegon PTE will assume the management of Nordea OFE and acquire related tangible and intangible assets of Nordea PTE, including its know-how, databases and archives. Once the Polish Financial Supervision Authority (KNF) has cleared the deal, Nordea OFE will be liquidated, and Nordea OFE members transferred to Aegon OFE.

On the coal market, Agencja Rozwoju Przemysłu (the Industrial Development Agency) and Towarzystwo Finansowe Silesia (the Silesia Financial Company) will assume joint control of Walbrzyskie Zaklady Koksownicze Victoria (the Victoria Coke Company). Functioning to support the restructuring and development of Polish companies, the acquiring companies are controlled entirely by the Polish Treasury, while Victoria produces and sells coke and coal derivatives. Following the transaction, the IDA and TF Silesia will take control of energy services company Zakład Usług Energetycznych epeKoks, which belongs to Victoria.

On the medical devices market, Varian Medical Systems International sells, installs, and services medical devices and related software for treating cancer and other illnesses using radiation therapy. It has been given the green light to acquire VRT Polska, which is currently idle, but following the transaction will sell and service radiotherapy equipment produced by companies belonging to the Varian Medical Systems Capital Group.

On the financial market, WPEF VI Holding V has gained UOKiK’s approval to acquire Kredyt Inkaso. WPEF is a subsidiary of the investment fund Waterland Private Equity Fund VI, which invests across a spectrum of sectors. Kredyt Inkaso manages and trades debt and related services. Its shares are to be purchased by WPEF in a public offering.

In the final two decisions, property developers MS Waryński Development and Polnord were approved to form a joint venture to build an apartment building in Warsaw. On the business travel services market, eTravel has been cleared to acquire competitor Fly Away.

Additional information for the media

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