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E-Muzyka changes pocket

Eurobuild CEE 12 January 2018

POLAND Empik has purchased an 80.25 pct majority stake in the E-Muzyka service from its mother company Cypriot-based Bookzz Holdings (part of the Penta group) for PLN 12.85 mln.

“This is a technical transaction which results from the sorting of assets of the former Empik Media&Fashion fund. Empik is not planning to increase its involvement at this time,” stated Ewa Szmidt-Belcarz, the president of the Empik Group. E-Muzyka distributes music in the form of digital files, while the Empik group sells books, music and films in its stores. The group also includes the Mole Mole bookshops and the Empik.com, Empikfoto.pl and Livro.pl online stores.

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