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GKW lawyers advised Polmlek Group in process of obtaining financing for the acquisition of Rolmlecz and Lacpol.

The scope of counselling included verification of financing acquisition documentation, including collateral agreements, verification of conditions precedent to payment of financing and preparation of corporate documents required by the bank in connection with the transaction.

Polmlek Group is the largest private company with 100% Polish capital from dairy industry in Poland.

 

The transaction was handled by:

Arkadiusz Grabalski

Justyna Fedyszyn

Paulina Banasik

On October 2-3, 2019, we participated in the 17th Local Government Capital and Finance Forum in Katowice.

As speakers, we took part in discussion panels: “Financing”, “Concentration of assets (mergers of municipal companies) to improve the financial capacity of the municipal sector in cities – forms and methods” and “Financing environmentally friendly investments in public transport (infrastructure and rolling stock) using leasing and / or revenue bonds. ”

Thanks to the organizers and participants for the meeting and the opportunity to exchange experiences. See you in a year!

 

More information about the forum:

http://www.samorzadoweforum.pl/

The law firm represented the employer in a court dispute over the protection of personal interests, brought by a bus passenger in connection with the driver’s infringement of personal interests. The Regional Court in Warsaw, in its judgment of September 12, 2019, upheld the judgment of the District Court dismissing the passenger’s claim in this case.

The courts of both instances shared the position of the Law Firm, according to which the employer’s liability for damage caused by an employee concerns material damage and compensation for material losses, and not compensation for infringement of personal interests. The courts upheld the objection raised by the Law Firm of the employer’s lack of capacity to be a party in a given civil case due to infringement of personal interests by the employee.

The judgment is final.

The transaction of the acquisition by the Group of the entire shares of Przedsiebiorstwo Produkcyjno-Usługowe “Rolmlecz” in Węgrów and the takeover control of Przedsiębiorstwo Handlu Zagranicznego Spółdzielnia Mleczarskie “Lacpol” and its subsidiaries (“Lacpol Group”).

The law firm represented the buyer, Polmlek Group, in the transaction of acquisition of shares in Rolmlecz and Lacpol.

Rolmlecz is the most important partner of Lacpol, which is the parent company of the Lacpol Group. Rolmlecz’s activity concentrates on purchasing milk and its sales to production entities from Lacpol Group, the production and distribution of packaging  materials, and road  transport.

Lacpol Group is one of the leading producers and distributors of dairy products. The most important products produced by Lacpol Group include ripened cheese, cream, yoghurt, buttermilk, cottage cheese, butter, powdered products and milk drinks. Lacpol Group manufactures products in 9 production and service plants.

Polmlek Group operates in the dairy sector including mainly milk processing, the production of cheese and cottage cheese, butter, cream, as well as yoghurts. Owned by Polmlek Fortuna Sp. z o.o. is involved in the production of fruit and vegetable juices.

 

On the part of our Law Firm the transaction was handled by:

Arkadiusz Grabalski

Justyna Fedyszyn

Paulina Banasik

Mateusz Dubielis

Aleksander Olender

 

More information:

https://www.forbes.pl/biznes/polmlek-przejmuje-kontrole-nad-lacpolem-dzieki-przejeciu-rolmleczu/kz4jes5

https://www.tygodnik-rolniczy.pl/articles/polskie-mleko/polmlek-przejal-lacpol-i-dolaczyl-do-polskich-gigantow-mleczarskich/

 https://www.topagrar.pl/articles/aktualnosci-branzowe-bydlo/rolmlecz-i-lacpol-trafi-w-rece-polmleku/

Oceanic S.A. is one of the largest cosmetics companies in Poland, offering high quality cosmetics, dermocosmetics and medicines. Oceanic S.A. creates cosmetics for sensitive and allergic skin, makeup cosmetics, dermocosmetics and cosmetics with highly concentrated active ingredients, which are offered to the clients in Poland and abroad (in over 40 countries).

L’biotica is an important producer and distributor of cosmetics in Poland, offering cosmetics and medical products, with particular focus on pharmacy market.

On the part of our Law Firm the transaction was led by Marek Kempiński – M&A partner and was handled by Mateusz Dubielis and Paulina Banasik.

Marek Kempiński and Mateusz Dubielis were also responsible for antitrust procedure.