edition:
polskienglish
log in | register
previous
All smiles for Polish sheds
next
No Limits for 7R’s green ambitions

reklama

RF Corval pulls plug on Buma takeover

Nathan North 21 May 2020

Nathan North

Deputy editor

+48 22 356 25 22
nathan@eurobuildcee.com

Nathan is responsible for the English section of the magazine. Nathan was born in Manchester in the UK and completed a master’s degree in philosophy at the University of London. As well being responsible for editing the English section of ‘Eurobuild CEE’ magazine, he also contributes news from around Central Europe and articles on the investment and industrial markets and on architecture. In his free time he likes playing piano, drawing and cooking.

RF Corval pulls plug on Buma takeover
Buma's Dot Office development in Kraków

POLAND Reino Capital has announced in a statement to the Warsaw Stock Exchange that Australian investor RF Corval has pulled out of the two companies’ PLN 1.3 bln joint buy-out of Polish developer Buma.

In the announcement, Polish fund manager Reino states that it received a notice on behalf of RF Corval International Holdings declaring its withdrawal from the preliminary conditional agreement, concluded on February 28th, to buy shares of the companies belonging to the Buma group. As a result, Reino is also pulling out of its previous agreement, agreed on February 14th, to buy shares in Buma companies.

At the same time, Reino insists that it still regards its plans to expand into this sector of the Polish market positively and “will continue to implement the strategy in accordance with the adopted assumptions. The current market situation may be an opportunity to expand the opportunities leading to the implementation of strategic goals, also in cooperation with other partners, as in the case of a parallel investment platform project on the warehouse market.”

The proposed takeover of industrial and office park developer Buma was originally announced in November.

Newsletter
Want to know more? Sign up for the Newsletter


reklama

More news

reklama

conferences

The 11th Office Market Conference for Poland. Trends & Outlook
The 16th CEE Warehouse & Logistics Conference
Suits on bikes. The 4th bike ride with city planning specialists
The 15th Annual Eurobuild CEE Tennis Tournament
The 19th Annual Eurobuild CEE Golf Tournament
Eurobuild Awards 2020
reklama

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