Current report no 80 / 2011

Current report no 80 / 2011 - 5 October 2011 / 00:00

Construction of an office building complex Libra Business Center – annex to the conditional contract

With regards to the Current Report No. 26/2010 of 25 March 2010, No. 59/2010 of 23 July 2010, No. 42/2011 of 20 May 2011, No.59/2011 of 4 July 2011 and No.70/2011 of 29 July 2011, the Management Board of Budimex SA reports that on 26 September 2011 it was informed of the conclusion on 23 September 2011 of an annex to the agreement with Palatium Sp. z o.o. Sk with its registered office in Warsaw for the construction of the Libra Business Center office building complex STAGE II.
Pursuant to the annex, the parties determined that by 7 October 2011 they will agree on a new deadline for the contract to enter into force and on other terms and conditions resulting from the change of the deadline due to the condition consisting in the investor submitting a bank representation confirming the fact of the investor having security of financing not being fulfilled in the intended deadline. Thus, the agreement will not enter into force before October 2011.
In other regards, the wording of the contract remains unchanged.