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7 months ago
BRIEF-Eurocash gets conditional approval to buy PDA
December 15, 2016 / 7:20 AM / 7 months ago

BRIEF-Eurocash gets conditional approval to buy PDA

1 Min Read

Dec 15 (Reuters) - Eurocash SA :

* Said on Wednesday that Poland's Office of Competition and Consumer Protection (UOKiK) has agreed on the acquisition of Polska Dystrybucja Alkoholi sp. z o.o. (PDA) by Eurocash on one condition

* Gets the go-ahead by UOKiK on condition that PDA's wholesale warehouse of alcoholic beverages in Pabianice will be excluded from the transaction between Eurocash and KJD Investment sp. z o.o. (PDA's shareholder)

* In Oct., Eurocash informed about UOKiK's objections concerning the takeover due to a potential infringement of competition on some local markets

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