The latest investment planned by the Czech-Slovak financial group Penta in Poland has been approved by the Antimonopoly office. In partnership with the Eastbridge fund Penta wants to acquire a 40 percent stake in the Narodowy Fundus Inwestycyjny Empik Media& Fashion (NFI Empik) from the public market. Penta announced it is willing to pay PLN 410m (€99m) for the shares. Eastbridge is a majority shareholder with a 60 percent stake in Empik. The retailer’s activities in the Czech market include sale of sport fashion and equipment and perfume distribution.
