Brief: PKB Pekabex Signs Letter Of Intent With Eques Investment TFI

Poznanska Korporacja Budowlana Pekabex SA

07/07/2023 15:13

July 7 (Reuters) - Poznanska Korporacja Budowlana
Pekabex SA  PBX.WA :
    * SIGNS LETTER OF INTENT WITH EQUES INVESTMENT TFI
    * LETTER OF INTENT REGARDS COOPERATION ON PROJECT REGARDING
CREATING INVESTMENT FUND WHICH WILL BE INVESTING IN SPVS
IMPLEMENTIG PEKABEX HOUSING PROJECTS
    * PARTIES ASSUME COMPANY'S CAPITAL COMMITMENT IN FUND AT
LEVEL OF
20% OF FUND'S ASSETS
    * PARTIES ASSUME THAT IN PERSPECTIVE OF THREE YEARS SINCE
FUND'S
ESTABLISHMENT, COMPANY'S COMMITMENT IN FUND WILL AMOUNT TO 40-60
MILLION ZLOTYS
    * COOPERATION WITH EQUES IS AIMED AT OBTAINING ADDITIONAL
FUNDING
FOR IMPLEMENTATION OF AT LEAST SIX REAL ESTATE PROJECTS, AND
THUS CONTRIBUTE TO DEVELOPMENT OF REAL ESTATE ACTIVITY OF
CAPITAL GROUP

Source text for Eikon:  ID:nEM9fslZ8a 
Further company coverage:  PBX.WA 

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