2024-12-30
markets
Wirtualna Polska Media (WPM), a subsidiary of Wirtualna Polska Holding, has filed an application with the Office of Competition and Consumer Protection (UOKiK) to acquire Invia Group SE, headquartered in Prague, Czech Republic. The submission was officially received on December 24, 2024, and the case is currently under review. The proposed transaction involves WPM gaining exclusive control of Invia Group SE through the acquisition of 100% of its shares, according to the application. Last week, the WP Group announced that WPM had signed a framework agreement to purchase Invia Group SE for a total of EUR 239.7 million. This figure includes the purchase price of shares and the company’s existing debt at the time of the transaction. The shares are being acquired from current shareholders CITIC Europe Holding and Rockaway Capital. The transaction will be financed through a bank loan. About Invia Group Invia Group operates in Germany, Austria, Switzerland, the Czech Republic, Slovakia, Hungary, and Poland, specializing in the brokerage of travel and tourism services. The majority of its revenue comes from German-speaking markets. The company manages well-known brands such as Ab-in-den-Urlaub.de, Fluege.de, Invia.cz, Invia.sk, Invia.hu, and Travelplanet.pl. Over the past year, Invia facilitated travel for more than 2 million tourists, generating EUR 183 million in revenue and EUR 37 million in adjusted EBITDA. Wirtualna Polska Holding Wirtualna Polska Holding is a leading technology and media conglomerate engaged in media, advertising, and e-commerce. The company owns the WP portal and operates specialized sites such as money.pl, WP SportoweFakty, and benchmark.pl. It also offers subscription services through Audioteka Group and Patronite. In e-commerce, WP focuses on tourism (holiday.pl, Szallas Group, nocowanie.pl) and consumer finance (superauto.pl and totalmoney.pl). In October 2024, nearly 20 million Poles used WP’s platforms and services. Listed on the Warsaw Stock Exchange since 2015, Wirtualna Polska Holding is part of the mWIG40 index. Source: Wirtualna Polska Media and ISBnews