edition:
polskienglish
log in | register
previous
Off certified
next
Forest Offices to be built in Debrecen

reklama

Awbud under control

19 May 2017

POLAND Abadon Real Estate now controls a 50.49 pct stake both directly and indirectly in Awbud.

Abadon increased its stake by purchasing a 100 pct stake in Petrofox which held a 41.02 pct stake in Awbud. Murapol, the majority shareholder of Abadon has a 55.48 pct stake in Awbud including a 4.99 pct stake held directly. “Following the settlement of formalities related to the conditions precedent with regard to taking over control of Awbud, which has taken just over three months, we are formally one capital group now with a broad range of resources and competences in regard to implementing projects from the broadly understood real estate market. I think that we will not have to wait long to find synergies because we have clearly set out the principles on which the extended Abadon RE group will operate,” says Michał Sapota, the president of Awbud and Murapol. “We will now focus considerably increasing Awbud’s scale of operations and the optimal use of the opportunities offered by a thriving market,” he added.


Newsletter
Want to know more? Sign up for the Newsletter


reklama

More news

reklama

conferences

The 2nd Architecture Festival
The 8th Office Market Conference - Trends & Outlook for Poland
The 23rd Annual Property Market Convention in Poland
Eurobuild Awards 2017
reklama

reklama
About Us Contact Privacy Rules Archive Newsletter
Copyright 2017 EuroCEE. All rights reserved.