FIDEA advises Złomrex S.A. on sale of the international part of distribution business of Cognor S.A.
In December 2010 Złomrex S.A. and Cognor S.A. signed an agreement with two companies Eff eins Beteiligungsverwaltung GmbH and Eff zwei Beteiligungsverwaltung GmbH to sell 100% of shares in Cognor Stahlhandel GmbH group for EUR 32.7m.
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FIDEA advises Złomrex S.A. on sale of the Polish distribution business of Cognor S.A.
In November 2010 companies from Cognor S.A. group signed an agreement with ArcelorMittal based on which Cognor will sell assets accounting for majority of its Polish distribution business for ca. PLN 177.6m.
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Portal Spożywczy interview with Marek Dojnow – November 2010
In November 2010 Portal Spożywczy published an extensive interview with Marek Dojnow. The conversation focused on the situation in the Polish food sector and in largest Polish companies on this market, inter alia Agros Nova, Hortex, Maspex, Kamis, Wedel and Jutrzenka.
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“Beverages: Squeezing Out the Last Drop” – Forbes 08/2010
In the 08/2010 issue in the article “Beverages: Squeezing Out the Last Drop” journalists of Forbes magazine depict the current situation in the Polish beverages market. The recent sale of Agros Nova to IK Investment Partners, resumption of PepsiCo-Maspex talks about cooperation and Argan Capital exit plans from Hortex, among others have been described. The article mentions also about the Hortex auction which took place 2 years ago and unsuccessfully ended due to unsatisfactory price offers. Marek Dojnow was asked for comment regarding that transaction:
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“Movie channel” – Forbes 03/2010
In the 03/2010 issue in the article “Movie channel” journalists at Forbes magazine cover the topic of investing in the film industry. One of the main topics of the article was East Pictures IPO on NewConnect. The company invests in a portfolio of projects and film productions and is the first of its kind on the Polish public capital market. Marek Dojnow was among the individuals asked for comment about the situation in the industry:
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New headquarters of FIDEA
After almost five years spent at Liberty Corner at Mysia Street we moved our office to Zaułek Piękna building at Piękna 18 Street. Our clients and partners will be pleased not only from cooperation with us, but also from larger office space and bigger number of conference rooms available. Our team is already enjoying amenities of the new office! Welcome to new FIDEA headquarters.
“Battle between M&A and IPO” – Forbes 02/2010
In its 02/2010 issue in the article “Battle between M&A and IPO” Forbes magazine presents the current situation on Polish M&A and stock exchange markets. 2010 looks interesting in both areas. On one side there is a clear revival on the IPO market, driven most of all by announced offerings of big state companies, i.e. Tauron, PZU and Warsaw Stock Exchange. On the other side increased activity on the M&A market can be seen after a stagnation period. Looking at it from the global perspective, companies will be looking for a chance for growth of profits after cost reductions done in 2009. Polish companies are also more prone to talks and consolidation moves, inter alia due to increasing competition. Marek Dojnow comments this trend in the article:
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“Key players in 2010 – consumer goods, commerce and services” – Forbes 01/2010
In the 01/2010 issue of Forbes magazine there is an article “Key players in 2010 – consumer goods, commerce and services” about the current situation of a few companies among the biggest in the FMCG sector: CEDC, Eurocash and Emperia. In the article Marek Dojnow comments on the success of CEDC share and bond issue from November 2009:
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