Budimex.pl

Current report no 68 / 2020

Date: November 24, 2020 1:19 PM

Information on permitting the conduct of due diligence of the development segment

With reference to current report No 42/2020 of 3 July 2020, report No 53/2020 of 28 August 2020 and report No 57/2020 of 29 September 2020, the Management Board of Budimex SA (“Budimex”), announces that, on the basis of gathered intelligence on potential investors’ interest in the acquisition of shares of Budimex Nieruchomości sp. z o.o. (“Shares”), it has decided to permit a narrow selected group of entities to conduct due diligence of Budimex Nieruchomości sp. z o.o. Once this stage is complete, Budimex will expect the potential investors to confirm their interest in purchasing the Shares by submitting their offers by 21 December 2020. Based on the results of these activities, Budimex will decide on further action within the process, including the granting of exclusive rights to a selected entity. A decision in this respect will take into account every elements of the submitted offers. The decision will be taken until 31 December 2020 and will depend on a potential investor’s fulfilment of the terms and conditions assumed at a given stage, not only as regards financial conditions.

 

Said decision of Budimex does not mean abandoning the other strategic options referred to in report No 42/2020.

 

Budimex has decided to communicate to the public this confidential information regarding a stage of the protracted process due to its importance for the activities of Budimex SA, in particular as regards the areas of business.

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Shareholdership structure as on 17.05.2019

GPWKNFRespect IndexSEGWIG Budownictwo
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