Soltysinski Kawecki & Szlezak has advised Eurocash S.A. on the sale of 100% of the shares in PayUp Polska S.A. to Centrum Rozliczen Elektronicznych Polskie ePlatnosci S.A. WKB Wiercinski, Kwiecinski, Baehr advised the buyers on the acquisition.
The preliminary share sale agreement was concluded on September 27, 2018.
PayUp is a Polish firm that manages a network of over 15,000 Point of Sale terminals in stores through which pre-paid services are provided, including recharging telephones, acceptance of payment cards, and payment via the Internet.
Eurocash S.A., which is listed on the Warsaw Stock Exchange, owns and operates a number of retail chains including Delikatesy Centrum, Lewiatan, ABC, Groszek, Eurosklep, with locations throughout Poland.
Centrum Rozliczen Elektronicznych Polskie ePlatnosci focuses on payment processing technology & solutions for business customers in Poland.
The SK&S team led by Partner Slawomir Uss, supported by Senior Partner Andrzej Szlęzak. The firm's team also included Partner Krzysztof Kanton, Senior Counsel Witold Kurek and Jaroslaw Lukawski, Senior Associate Leszek Malecki, and Associates Anna Bartosiewicz, Krzysztof Misarko and Mateusz Blocher.
The WKB team was led by Partner Jakub Jedrzejak and included Partners Marcin Smolarek and Bartosz Turno, Senior Associates Katarzyna Kozak, Wojciech Kulczyk, Robert Makowski, and Klaudia Fratczak-Kospin, Associate Monika Obieglo, and Junior Associate Janusz Szlanta.