Budimex.pl

Current report no 10 / 2021

Date: February 15, 2021 2:15 PM

Extending the exclusivity period in the process of reviewing strategic options of the development segment

With reference to the current report No 42/2020 of 3 July 2020, report No 53/2020 of 28 August 2020, report No 57/2020 of 29 September 2020, report No 68/2020 of 24 November 2020 and report No 73/2020 of 30 December 2020, the Management Board of Budimex SA (“Budimex”) advises that on 15 February 2021 it decided on extending, until 26 February 2021, the exclusivity period in the process of reviewing strategic options of the development segment, granting of which was notified in the report No 73/2020 of 30 December 2020.

 

The exclusivity period was extended at the request of a group of investors, justified by the need to provide the time necessary to review the audited financial statements of Budimex Nieruchomości Sp. z o.o. for 2020.

 

Budimex notes that the negotiations are still ongoing. Therefore, Budimex’s decision on extending the exclusivity does not mean abandoning the other strategic options referred to in the 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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