Warsaw-based Robyg and Luxembourg-based Yula Lux applied to the Office of Competition and Consumer Protection (UOKiK) on March 31 for permission to form joint ventures.
The case is pending, the UOKiK reported.
The notified concentration consists in the establishment of 7 joint ventures (JVCos) by Yula Lux S.à r.l., based in Luxembourg, Grand Duchy of Luxembourg (Yula) and Robyg S.A., based in Warsaw, Poland (Robyg). […] The purpose of JVCos is to conduct residential development activities in Poland, announced UOKiK.
Yula is a holding company that focuses on investing in real estate development projects in Poland. Robyg is a developer with operations in Poland.
The Robyg Group builds and sells apartments, and carries out general contracting of Robyg and Vantage Development investments. Vantage Development, under the Vantage Rent brand, operates exclusively in the PRS segment – that is, apartments for rent. Each company is financed independently. Robyg was listed on the main market of the Warsaw Stock Exchange from 2010 to 2018.
Source: UOKiK and ISbnews
