Brief: Sfinks Polska will not buy stake in Domiunium

Sfinks Polska SA

28/07/2017 06:21

July 28 (Reuters) - SFINKS POLSKA SA  SFSP.WA : 
    * SAID ON THURSDAY THAT ITS SUPERVISORY BOARD DID NOT 
APPROVE OF ACQUIRING DOMINIUM SA ON TERMS ESTABLISHED EARLIER  
    * IN SUPERVISORY BOARD OPINION, THE INVESTMENT CARRIED OUT 
ON SETTLED TERMS, DUE TO THE LACK OF TRANSFER TO THE COMPANY THE 
RIGHT TO CONTROL DOMINIUM AND THUS LIMITED IMPACT ON AREAS OF 
POSSIBLE SYNERGIES, DOES NOT GUARANTEE THE RATE OF RETURN ON THE 
LEVEL ESTABLISHED IN THE SFINKS POLSKA GROUP STRATEGY FOR THE 
YEARS 2017-2022 (25 PCT)  
    * APPROVAL WAS ONE OF THE TERMS OF CONDUCTING TRANSACTION 
    * THE COMPANY INFORMED ABOUT PLANS OF PURCHASING 40 PCT 
STAKE OF DOMINIUM IN JUNE  urn:newsml:reuters.com:*:nL8N1JQ23D 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMjp1FGa 
     
 Further company coverage:  SFSP.WA   
    
 
 
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