RASP Increases Stake in MZN Property to Nearly 99%
Deal News | Dec 02, 2024 | Aim Group
Ringier Axel Springer Poland has increased its stake in MZN Property to 98.87% through a series of acquisitions. The media group originally acquired a 79% stake for PLN 66.1 million in April 2020. Over the past year and a half, RASP methodically increased its stake by purchasing additional shares from existing stakeholders, including Sui Generis Investments, former MZN Property CEO Jarosaw Wicicki, and Wondelay Investments. WirtualneMedia.pl reported that the remaining shares are held by Alterium Holding, overseen by Micha Petters and Piotr Stempiski.
Sectors
- Real Estate
- Media
Geography
- Poland – Both Ringier Axel Springer Poland and MZN Property are located and operate within Poland.
Industry
- Real Estate – MZN Property operates a number of Polish real estate verticals, indicating that it is primarily involved in the real estate industry.
- Media – Ringier Axel Springer Poland, a media group, has been actively involved in acquiring MZN Property, suggesting a strategic interest in property-related media.
Financials
- PLN 66.1 million – The initial amount paid by Ringier Axel Springer Poland for a 79% stake in MZN Property in April 2020.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ringier Axel Springer Poland | Acquirer | Company | A media company increasing its ownership stake in MZN Property. |
| MZN Property | Target Company | Company | A company that operates various Polish real estate verticals. |
| Sui Generis Investments | Seller | Company | Former shareholder of MZN Property, sold shares to Ringier Axel Springer Poland. |
| Jarosaw Wicicki | Seller, Former CEO | Person | Former CEO of MZN Property who sold shares to Ringier Axel Springer Poland. |
| Wondelay Investments | Seller | Company | Former shareholder of MZN Property, sold shares to Ringier Axel Springer Poland. |
| Alterium Holding | Minority Shareholder | Company | Currently holds the remaining shares of MZN Property not owned by RASP. |
| Micha Petters and Piotr Stempiski | Control Alterium Holding | Person | Control Alterium Holding, which holds minority shares of MZN Property. |