Wirtualna Polska Holding S.A. (WSE:WPL) agreed to acquire Szallas Group for €82 million from PortfoLion Ltd. and private individuals on September 9, 2022. The trasnaction is subject to approval of Hungarian Minister of Technology and Industry. As of November 3, 2022 Hungarian Minister of Technology and Industry approved the deal.

The transaction is expected to close in the fall of 2022. Pál Takács of Baker McKenzie acted as legal advisor to PortfoLion. Raymond James Financial, Inc. acted as financial advisor to Szallas Group.

Jakub Domalik-Plakwicz of DLA Piper Wiater sp.k. acted as legal advisor to Wirtualna Polska Holding S.A. (WSE:WPL).