Fota

Through public market transactions, Kerten has acquired in excess of 10% stake in Fota S.A., second largest car parts distributor in Poland and a leading player in this segment in Central Eastern Europe.

This investment by Kerten reflects its expectations of further high single digit growth of the sector given the substantial increase in used passenger car fleet in Poland and lower car penetration compared to developed markets as well as further market consolidation.

“Kerten believes Fota S.A. can play a leading role in consolidating the market domestically. Kerten is engaged in the support of new management in operational restructuring and other strategic initiatives. We look forward to the new management delivering substantial value over next two to three years“- commented Kerten.