Brief: FKD Takes Over Drewex

Fabryka Konstrukcji Drewnianych SA

05/03/2018 07:13

March 5 (Reuters) - FABRYKA KONSTRUKCJI DREWNIANYCH SA
 FKD.WA :
    * SAID ON FRIDAY THAT IT SIGNED INVESTMENT DEAL WITH RYSZARD
NIEDZWIECKI, MARZENA NIEDZWIECKA (SELLERS) AND DREWEX SP. Z O.O.
PRZEDSIEBIORSTWO PRZEMYSLU DRZEWNEGO HANDLU I USLUG
    * UNDER DEAL FKD BUYS 100% STAKE IN SHARE CAPITAL OF DREWEX
FOR
500,000 ZLOTYS
    * SELLERS ALSO TRANSFERRED TO DREWEX OWNERSHIP OF REAL
ESTATES
USED BY DREWEX; IN EXCHANGE SELLERS ARE EXEMPTED FROM PAYING 6.5
MILLION ZLOTY CONTRIBUTION TO SHARE CAPITAL OF DREWEX
    * COMPANY ALSO SIGNED PRELIMINARY AGREEMENT ON ACQUISITION
OF PLOT
USED BY DREWEX FOR 400,000 ZLOTYS
    * IN RESULT OF ABOVE DEALS DREWEX WILL BECOME THE OWNER OF
ALL THE
REAL ESTATE USED FOR ITS BUSINESS
    * DREWEX'S BUSINESS IS SAWMILL PROCESSING, GARDEN
HABERDASHERY AND
FRAME BUILDING
    * THANKS TO TAKEOVER OF DREWEX COMPANY WILL COVER 100% OF
ITS
DEMAND FOR SEMI-FINISHED PRODUCTS AND RAW MATERIALS FOR THE
PRODUCTION OF GLUED WOOD AND CONSTRUCTION OF SALT STORAGE
WAREHOUSES
    * UNDER INVESTMENT DEAL FKD ALS GUARANTEED FOR LIABILITIES
OF
DREWEX TO AMOUNT OF 10.2 MILLION ZLOTYS


    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1GfhTSa
    
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