Aktuálny výkaz č. 18 / 2010

Intention to merge Budimex SA with Budimex Auto-Park Sp. z o.o.

The Management Board of Budimex SA reports that on March 8, 2010 it made a decision regarding the intention to merge Budimex SA with Budimex Auto-Park Sp. z o.o.   The Companies will be merged in accordance with Art. 492 Section 1.1 of the Commercial Companies Code through the takeover of Budimex Auto-Park Sp. z o.o. as the acquired company by Budimex SA as the acquiring company. Due to the fact that Budimex SA holds 100% of the shares in Budimex Auto-Park Sp. z o.o., the summary procedure shall be used for the takeover as it is permitted in such circumstances by provisions of the Commercial Companies Code (Art. 516 Section 6 of the Commercial Companies Code).
As for the economic reasons for the merger, the planned merger of Budimex SA and Budimex Auto-Park Sp. z o.o. is the most effective method to wind up the activities of Budimex Auto-Park Sp. z o.o. as planned.  Apart from guarantee obligations on account of apartments sold under the Wilczak development project in Poznań, Budimex Auto-Park Sp z o.o. shall not be bound by any other obligations.
Budimex SA is one of the largest general contractors in Poland (following the merger with Budimex Dromex SA) as well as the holding company in the BUDIMEX Group. It holds 100% of the shares in the capital of Budimex Auto-Park Sp. z o.o. 
Budimex Auto-Park Sp. z o.o. is a development special purpose vehicle which is due to wind up its activities. Beforehand, the company implemented the Wilczak housing project in Poznań and operated a multi-storey car park in Bydgoszcz.