Unibail-Rodamco Investments will not seek to acquire the ZT General Partner and Warsaw III companies. Poland’s competition Authority, UOKiK, issued its objection to the transaction in mid-March.

All three of the companies rent space to retailers in shopping centres in Warsaw. Holland-based Unibail-Rodamco Investments belongs to a capital group that owns two malls located outside of the city centre, while ZT General Partner and Warsaw III own one located in the heart of Warsaw. On April 8 2016 Unibail Rodamco Investments withdrew its application.

UOKiK received the application at the end of July last year. It determined that to properly define the market relevant to the case, it would be necessary to conduct market study, which extended the case by four months. The Authority questioned more than 200 enterprises, including ones that compete with Unibail-Rodamco, ZT General Partner and Warsaw III in renting out space to retailers as well as retailers themselves. The materials it collected led UOKiK to conclude the planned acquisition could significantly limit competition on the retail space rental market in large shopping malls in the Warsaw agglomeration.

Additional information for the media:

Press Office, UOKiK
Pl. Powstańców Warszawy 1, 00-950 Warsaw
Phone.: +48 22 827 28 92, +48 22 55 60 314, +48 22 55 60 430
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