Czerska 8/10 Street
Numer KRS: 59944
November 10, 2020 / 20:59
Management Board of Agora S.A. with its registered office in Warsaw ("Agora", "Company"), with reference to the regulatory filings: no. 1/2019 of 25 January 2019, no. 3/2019 of 20 February 2019 and no. 27/2019 of 18 September 2019, informs that on 10 November 2020, as part of the next stage of the procedure, the Company received a letter from the President of the Office of Competition and Consumer Protection ("UOKiK") presenting the reservations of the President of UOKiK regarding the concentration control proceedings instigated upon Agora's request in connection with takeover of Eurozet Sp. z o.o. by Agora S.A.
In the letter in question, the President of UOKiK presented doubts concerning certain markets on which both the Company and Eurozet Sp. z o.o. operate, indicating that the planned concentration, due to the potential change in the market structure, may lead to disturbances in the functioning of competition.
The objections raised do not prejudge the final decision of the President of UOKiK. In case of doubts, the President of UOKiK, in accordance with the procedure, allows the entrepreneur to refer to them in the course of the ongoing proceedings.
According to Art. 96a paragraph 4 of the Competition Protection Act, Agora will address the reservations referred to in Art. 96a paragraph 3 of this Act, within the period prescribed by law. The Company will provide the data and arguments answering the reservations of the President of UOKiK.
Legal basis: Art. 17 sec. 1 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directive 2003/124/EC, 2003/125/EC and 2004/72/EC - confidential information.