The Czech competition authority, ÚOHS, has granted approval for a merger involving PENTA REAL ESTATE HOLDING LIMITED, RSJ Investments SICAV a.s., and Engine Prague Development s.r.o. This merger will enable these companies to jointly control K1 Investment s.r.o., Argo Alpha s.r.o., and A 944 s.r.o.

The companies involved are primarily active in the management and rental of real estate, as well as real estate development. The acquiring companies, part of the Penta and RSJ business groups, operate in various sectors, including real estate development and rental.

K1 Investment and Argo Alpha own office properties located on Evropská Street in Prague, which offer rental spaces. A 944 is engaged in real estate development.

The authority concluded that the merger would not significantly disrupt competition in the market, and the decision has already become legally binding.