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UOKiK keeps NEPI Rockcastle in suspense

07 December 2018

UOKiK keeps NEPI Rockcastle in suspense
The acquisition was originally announced in October
POLAND The Office of Competition and Consumer Protection (UOKiK) has decided to further examine the proposed acquisition of two Kraków shopping centres by NEPI Rockcastle from Mayland Real Estate.
NEPI Rockcastle Serenada Property already owns the Bonarka City Center mall in the same city. The competition authority is to examine how the acquisition will affect competition in the city. “In this case further market research is necessary to verify the data provided by Serenada Property. This is why the Office of Competition and Consumer Protection has decided to further examine the acquisition. This decision is in no way indicative of what decision will eventually be taken. The chairman may give his consent (be it conditional or unconditional) to the acquisition or prohitbit it outright,” reads the authority’s official announcement. The purchase of the Krokus and Serenada malls (which at the time had not been completed) was originally announced in October 2017. NEPI Rockcastle acquired the Bonarka City Center in 2016 from Trigranit.

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