FB

Current reports

65/2010: PBG S.A. Signs Complementary Agreement to Memorandum of Understanding for Sale of Equity Interests in HYDROBUDOWA POLSKA S.A. and APRIVIA S.A.

2010-12-29

Further to Current Report No. 49/2010 of September 15th 2010 and Current Report No. 50/2010 of September 21st 2010 (both reports are available at: http://www.pbg-sa.pl/en/investor-relations/current-reports.html), the Management Board of PBG S.A. (PBG) hereby reports that on December 28th, 2010 the Company executed a Complementary Agreement to Memorandum of Understanding with OBRASCÓN HUARTE LAIN CONSTRUCCIÓN INTERNATIONAL S.L. (OHL).

Following completion of the financial, legal and technical due diligence by OHL, the parties executed the agreement which sets out the procedure for, schedule and the terms of a transaction in which OHL is to ultimately acquire:
-  107 384 807 shares in Hydrobudowa Polska S.A., owned by PBG as at the agreement execution date, representing 51% of the company's share capital, for a total price of PLN 431,000,000;
- 36,068,525 shares in APRIVIA S.A., owned by PBG as at the agreement execution date, representing 50.1% of the company's share capital, for a total price of PLN 75,000,000.

The Parties intend to  close the Transaction in 1st quarter 2011.

OHL has also declared its intention to retain controlling interests in HYDROBUDOWA POLSKA S.A. and APRIVIA S.A., with PBG holding at least a 12.05% interest in HYDROBUDOWA POLSKA S.A. and a 49.9% interest in APRIVIA S.A.

In the future, PBG may increase its equity interest in HYDROBUDOWA POLSKA S.A.

Before Hydrobudowa Polska S.A. shares may be acquired by OHL, the latter must obtain relevant anti-trust clearance, which is a pre-requisite for OHL to be able to proceed with the acquisition of Hydrobudowa Polska S.A. and APRIVIA S.A. shares.


Legal basis:
Art. 56.1.1 of the Public Offering Act – inside information
 

Pliki:

Full version of report (.pdf - 94,15 kB)

Newsletter

PBG on Facebook PBG on YouTube

Pursuant to Article 13 of Regulation (EU) No 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of individuals with regard to the processing of personal data and on the free movement of such data (EU Journal of Laws L 119 of 04.05.2016, hereinafter called the “Regulation”), I hereby inform you that:

  1. The Controller of your personal data is PBG SA with its registered office in Wysogotowo, ul. Skórzewska 35 62-081 Przeźmierowo.
  2. You can contact the Controller using the following e-mail address: polska@pbg-sa.pl / You can contact the Controller via the Data Protection Supervisor appointed by the Controller using to the following e-mail address: iodo@gkpbg.pl
  3. Your personal data shall be processed for the process of newsletter subscription under Article 6 (1) (a) of the Regulation.
  4. Your personal data shall be stored until you request to cancel the subscription.
  5. The recipients of your personal data shall be the persons authorised by the Controller, i.e. the employees and associates who have to have access to the data to perform their duties, and the Controller's Providers to whom the Controller entrusts the processing of the personal data under and based on the data processing agreements and in line with the requirements of Article 28 of GDPR (i.e.: the provision of IT services).
  6. Giving your personal data is voluntary. However, your refusal to give it prevents us from sending you the newsletter.
  7. You have the right to request from the Controller the access to your personal data. Moreover, you can correct your personal data, delete it or limit its processing, and you have the right to withdraw your consent for data transfer.
  8. You have the right to file a complaint to a supervisory body.
  9. Giving your personal data is voluntary.