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Atal SA has received approval from Poland’s Office of Competition and Consumer Protection (UOKiK) to move ahead with the acquisition of seven companies and a portfolio of land properties from BD 1. The regulatory clearance was one of the key conditions outlined in the preliminary agreement signed between the parties. The approval marks an important step in the completion of the proposed transaction and allows the developer to advance the acquisition process. Further details regarding the value of the deal and the assets involved have not yet been disclosed.
Polish real estate developer Atal SA has secured approval from Poland’s Office of Competition and Consumer Protection (UOKiK) for its planned acquisition of seven companies and land properties from BD 1.
The company stated that it received the regulatory clearance during the past week. The approval was one of the conditions precedent included in the preliminary agreement governing the proposed transaction. With this requirement now fulfilled, the acquisition process has moved a step closer to completion.
UOKiK is responsible for reviewing transactions that could have an impact on market competition in Poland. Such approvals are typically required for significant acquisitions and corporate transactions before they can be finalised.
Atal is one of Poland’s established residential developers and has been actively expanding its presence across major cities through new project launches and land acquisitions. The addition of land assets can help developers strengthen their future project pipeline and support long-term development plans.
While the company confirmed the regulatory approval, it did not provide further details regarding the financial terms of the transaction, the locations of the land properties, or the expected timeline for closing the deal.
Source Reuters
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