Polimex builder may sell shares to ARP agency
September 20, 2012
Builder Polimex Mostostal have signed letter of intent with industrial restructuring agency ARP, which states the company may sell to the agency PLN 150-250 million in shares of new issue, Polimex said in a market filing.
The shares would entitle the agency to up to 32.99% of shares of the company, when counting it all the shares to be issued in the framework of the restructuring program.
The letter of intent envisages two options, one with the agency buying shares for PLN 250 million and another with ARP investing PLN 150 million in the company.