Consent of the President of the Office of Competition and Consumer Protection to concentration by way of purchase of shares of Budimex Nieruchomości sp. z o.o.
The Management Board of Budimex SA (“Budimex”), with reference to current report No 42/2020 of 3 July 2020, report No 53/2020 of 28 August 2020, report No 57/2020 of 29 September 2020, report No 68/2020 of 24 November 2020, report No 73/2020 of 30 December 2020, report No 10/2021 of 15 February 2021, reports No 11/2021, No 12/2021, No 13/2021 of 22 February 2021, announces that on 29 March 2021 it was informed that the bodies inspecting CP Developer S.ar.l. with its registered office in Luxembourg (“Purchaser”) had obtained unconditional consent of the President of the Office of Competition and Consumer Protection to concentration by way of purchase of shares of Budimex Nieruchomości sp. z o.o., which is a condition precedent for the conclusion of an agreement transferring the ownership of shares of Budimex Nieruchomości sp. z o.o.
The share transfer agreement (dispositive agreement) will be concluded once the Purchaser has documented the provision of financing for the purchase of shares, which should take place by 7 May 2021 at the latest. Until the dispositive agreement is concluded, Budimex does not resign from other strategic options referred to in report No 42/2020.
Budimex recognised the information on the fulfilment of the condition precedent as important from the investors’ perspective, therefore, the company deemed it appropriate to classify the information as confidential.