Wing expanding to Poland

by   CIJ News iDesk VII
2019-11-26   09:20

Hungarian real estate company Wing is poised to take over a majority stake in Polish developer Echo Investment. Under the deal, which still needs to be approved by the Polish competition authority, Wing will acquire 100 percent of Lisala, which owns a 55.96-percent stake in Echo. The transaction will make Wing “significant” player in the region. “Following its successes in Hungary, as a long-term, value driven, financially stable strategic investor, Wing set regional expansion as a strategic goal and identified the Polish market as the most attractive target destination,” said Noah Steinberg, Chairman and CEO of Wing.