Penta financial group is changing its strategy. Following a series of company acquisitions over the last few years, it is now planning to sell a number of its assets. “We will considerably decrease our portfolio of companies,” the head of Penta, Marek Dospiva, told the daily Insider. He foresees cutting the portfolio by half, enabling Penta to concentrate on managing the remaining businesses it plans to keep for the long-term. The process started in October, when Penta offloaded Alpha Medical. The Polish retail chain Empik, on the other hand, is one of the companies Penta wants to keep. Empik’s annual revenues amount to roughly €0.75bn. Penta acquired a 33-percent stake in Empik last year.
