Consents for the acquisition of the Quiosque brand by Grupa Kapitałowa IMMOBILE - News - Grupa Kapitałowa Immobile S.A.

Consents for the acquisition of the Quiosque brand by Grupa Kapitałowa IMMOBILE
Data publikacji: 08.04.2021

On April 6, in the current report, Grupa Kapitałowa IMMOBILE informed about obtaining the consent of the Supervisory Board and the UOKiK (Office of Competition and Consumer Protection) for the purchase of shares in DLAKO Sp. z o.o. This is the next step in the transaction, after which the Group's structures will include a chain of Quiosque clothing stores.

In accordance with the previous announcements, after the approval of the transaction by the Supervisory Board and the Office of Competition and Consumer Protection, all the conditions of the conditional sale agreement of February 12, 2021 were met. The Group will acquire 90% of shares in DLAKO Sp. z o.o. based in Bydgoszcz, owning 100% of shares in the company "PBH" S.A, which is the owner of the QUIOSQUE clothing brand. In the coming days, the Company will strive to conclude a final agreement.

We see the main synergies in administrative and financial activities. Quiosque is hampered by lockdowns and therefore needs administrative and financial support. Moreover, we see parallels between store management and hotel management. In addition, the PJP Makrum company from our group provides comprehensive warehouse equipment. In one sentence - we intend to use our knowledge from other segments and a fresh perspective - says the president of GK Immobile, Rafał Jerzy, when asked about the synergies he sees between the new activity and the current scope of the company's activity. - In acquisitions, we are not guided by the budget, but rather by the balance of opportunities and threats. We have many different financing options for acquisitions. If there is a willingness to conclude a transaction on both sides, and we see benefits for the shareholders of GK IMMOBILE S.A., we will find a solution - said the president of Puls Biznesu, commenting on the transaction.

Quiosque is a Polish clothing brand with almost 30 years of tradition - the first store was opened in 1992. Its sales network consists of own and franchise premises, located in shopping centers and individual stores. The brand is created by a total of over 160 stores, making it the largest chain in the country targeted at women in terms of the number of stores. In addition to the traditional sales channel, the company is dynamically developing the e-commerce channel.

One of the assumptions of the IMMOBILE Group is development through acquisitions, in which it has already been successful, taking over two listed companies in recent years - PJP Makrum (as Projprzem) and Atrem. Both have significantly improved their results since then. - We analyze many entities all the time. We have several smaller or larger acquisitions each year. We encourage you to follow the messages from our companies - says Rafał Jerzy.