• UOKiK initiated the second stage of proceedings concerning the partial takeover of assets belonging to Centrum Serenada and Centrum Krokus by Serenada Property.
• The case requires a market research.

The undertakings involved in the concentration scheme are owners of shopping centres in Cracow. Serenada Property is an owner of the Bonarka City Center. As a result of the transaction, it would acquire the Serenada Shopping Centre and Krokus Shopping Centre.

In this case, it is necessary to conduct a market research and verify the data provided by Serenada Property. Therefore, UOKiK referred the case to the second stage. The decision is by no means determinative of the ruling which may be given in the future. The President of the Office of Competition and Consumer Protection may approve the concentration (conditionally or unconditionally), or may prohibit the transaction.

Additional information

Pursuant to the act on competition and consumer protection, proceedings pertaining to concentration consist of two stages. The first stage takes up to one month. However, in particularly complex cases where there is a probability of a significant restriction of competition or where a market research needs to be carried out, such proceedings may also last longer.

The UOKiK website publishes information on all concentration-related anti-trust proceedings conducted by the Authority. More information about the principles governing concentration of undertakings can be found in a dedicated paper.

Additional information for the media:

UOKiK Press Office
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