Current report no 45 / 2013

Current report no 45 / 2013 - 8 July 2013 / 00:00

Fulfilment of a condition for the strategic investor

In connection with current report no. 70/2012 of 29 October 2012, the Management Board of Budimex SA announces that on 8 July 2013 it learned of the satisfaction, on 5 July 2013, of the condition precedent for the agreement with Ferrovial Agroman SA, with its registered office in Madrid (a construction company belonging to the Ferrovial Group), on the provision of support to Budimex by the strategic investor in the area of operational know-how, rationalising processes and procedures in the key areas of construction and investment activities, cost control methods, budgeting, financial models, technical references, branding, corporate identity, long-term employee training programs and the internal corporate communication system.
The condition precedent for the agreement was that both parties must request the Finance Ministers of Poland and Spain to recognise the correctness of the selection and application of the transactional price (Bilateral APA).
Since both parties submitted the said requests, the agreement comes into effect as of 5 July 2013.