Radius Group wants to take the biggest share of the state-owned Polish Real Estate Holding PHN when it hits the Warsaw Stock Exchange next year. Radius filed its request with the Polish antitrust regulator UOKiK.
“We started the talks regarding our participation in the deal more than seven months ago,” Robert Szustkowski, owner of Radius, told the daily Puls Biznesu. “We proved we’re interested in taking part in the deal, and at this stage, we’re the only company that applied at UOKiK.”
The deal could help increase the value of PHN’s shares.
“We used PLN 50m from our own equity to finance the transaction,” said Szustkowski, adding that there would be no changes made to the PHN board once the deal is closed.
