Soltysinski Kawecki & Szlezak has advised Eurocash S.A. in relation to the acquisition of 100% of the shares in the company Polska Dystrybucja Alkoholi sp. z o.o., which manages a wholesale outlet of alcoholic beverages. CMS advised the selling shareholders.
The share purchase agreement was concluded on December 30, 2016, following the fulfilment of the President of the Consumer and Competition Protection Office’s condition that a warehouse for alcoholic beverages in Pabianice, owned by PDA, be excluded from the planned transaction.
According to SK&S, the scope of its advice, "covered all aspects of the transaction, including a legal audit of the companies, negotiation of the transaction and financial documentation, representation in proceedings before the President of the Competition and Consumer Protection Office, [and] assistance in fulfilling the condition imposed by the President of the Competition and Consumer Protection Office, as well as assistance in the signing of a preliminary agreement promise agreement [and] the remaining agreements related to the transaction."
Polska Dystrybucja Alkoholi – since November known as Janton Dystrybucja – was established in 2002 and distributes alcoholic beverages. Eurocash is the largest Polish group dedicated to the wholesale distribution of food products, household chemicals, alcohol and tobacco products. The company has been listed on the Warsaw Stock Exchange since 2005. As announced by Eurocash Group, the acquisition of PDA “is yet another element of the Group's acquisition policy” and “enables the further development of Eurocash Group in the segment of alcohol distribution as well as a potential revenue growth.”
The SK&S team consisted of Professor Andrzej Szlezak, Partner Slawomir Uss, Senior Counsel Witold Kurek, Senior Associate Leszek Małecki, Attorney Agnieszka Skowronek, Associate Anna Plebanek, and Trainee Edyta Prociak. Antimonopoly issues were handled by Partner Krzysztof Kanton and Senior Counsel Jaroslaw Lukawski.
The CMS team was led by Partner Marek Sawicki.