Brief: Pamapol Signs Deal With Propinquus On Cooperation In Creating Food Products

Foodhub SA

07/03/2023 07:09

March 7 (Reuters) - Pamapol SA  PMPP.WA :
    * SAID ON MONDAY THE COMPANY HAS SIGNED A PARTNER DEAL WITH
PROPINQUUS 
    * UNDER DEAL COMPANIES WILL COOPERATE IN CREATING FOOD
PRODUCTS
TOGETHER 
    * THE COMPANY HAS COMMITTED TO PROVIDE PRODUCTION CAPACITY
AND
FINANCING TO JOINT VENTURE WHOSE PARTNERS WILL BE PAMAPOL AND
PROPINQUUS  
    * PROPINQUUS WILL BRING TO JOINT VENTURE ORGANISED PART OF
THE
ENTERPRISE INCLUDING THE RIGHTS UNDER THE LICENSE AGREEMENT FOR
EU TRADEMARKS "MAKŁOWICZ I SYNOWIE"
    * COMPANY WILL HOLD 60% STAKE WHILE PROPINQUUS 40% STAKE IN
JOINT
VENTURE
    * JOINT VENTURE AND PAMAPOL WILL SIGN AN AGREEMENT UNDER
WHICH
PAMAPOL WILL CARRY ON PRODUCTION OF SELECTED PRODUCTS UNTIL
PRODUCTION FACILITY WILL BE BUILT

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM9J9B4a
 Further company coverage:  PMPP.WA  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))