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Buma takeover approved

Eurobuild CEE 13 January 2020
Buma takeover approved
Reino and RF Corval are to take over Buma, which holds assets worth PLN 1.3 bln
POLAND The Office of Competition and Consumer Protection [UOKiK] has approved the takeover of the Buma group by a consortium of Reino Capital and RF Corval International.

The holding company to be acquired comprises more than 20 companies with collective assets with worth app. PLN 1.3 bln gross. The deal should to be finalised by the end of Q1. In June 2019, Reino Capital and RF Corval announced that they had submitted an offer to acquire a ‘real estate holding company operating in Poland’, but did not disclose which company until five months later when they applied to UOKiK to take over Buma. The original deal was to be concluded by December 17th but also included the option for theis deadline to be prolonged. RF Corval is an Australian based investor with assets worth around USD 2 bln.

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