Conclusion of a Letter of Intent for the construction of a Frito Lay plant in Poland
The Management Board of Budimex S.A. announces that on 21 June 2021 Budimex SA concluded a Letter of Intent with Frito Lay
Sp. z o.o. for the construction of a Frito Lay plant in Poland, together with internal systems, including electromechanical works, land development and technical infrastructure.
Bid value: PLN 343,000,000.00 net
Expected works commencement date: 1 August 2021
Expected works completion date: 31 December 2022
Any terms and conditions agreed between the Parties in the course of the tender will be confirmed in a contract, which the Parties are planning to conclude by 15 July 2021.
Neither party will be obligated to finalise the transaction contemplated in the Letter of Intent unless the parties reach an agreement. The Letter of Intent becomes invalid upon the conclusion of a contract.
The value of the bid agreed in the Letter of Intent exceeds the threshold of PLN 167,645 thousand net.