EC consent
“The Commission concluded that the notified transaction would not raise competition concerns, given the limited combined market power of the companies resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure,” the release reads.
In mid-July this year. Chamonix Investments S.á rl, Chamonix Investments Poland sp. z o. o (formerly Aspa), Elżbieta Filipiak, Anna Pruska, Michał Pruski, Maria Filipiak, Janusz Jeremiasz Filipiak and Anna Prokop announced a tender offer for the sale of 5,266,072 Comarch shares, constituting 64.75% of the share capital and entitling to exercise 34.81% of the total number of votes in the company at a price of PLN 315.4 per share. The aim of the transaction is for the tenderers to achieve 100% of the total number of votes in Comarch in order to delist the company’s shares from trading on the WSE.
Subscriptions under the tender offer will be accepted from 13 August to 21 October; the planned date of concluding the transaction on the WSE is 24 October 2024.
The sole bidder acquiring the shares in the tender offer will be Chamonix Investments Poland (formerly Aspa). None of the other bidders will acquire any shares subject to the tender offer in the tender offer. The direct parent entity of Chamonix Holdings Jersey Limited is CVC Capital Partners IX (A) LP
After the general meeting adopts a resolution on the withdrawal of the shares from trading on the regulated market, the callers intend to authorize the company to apply to the Polish Financial Supervision Authority for permission to withdraw the Comarch shares from trading on the regulated market.
What is CVC Capital Partners?
CVC Capital Partners is a leading global private equity firm listed on the Amsterdam Stock Exchange, with a network of 29 offices in Europe, Asia and the United States, and assets under management of approximately EUR 193 billion.
Comarch specializes in designing, implementing and integrating advanced IT systems, programming tools, network tools and infrastructures. The company has been listed on the Warsaw Stock Exchange since 1999; the company is part of the mWIG40 index. In 2023, it had PLN 1.82 billion in consolidated revenues.
(ISBnews)
