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Kulczyk increases its stake in Warta

2000-08-25 00:00
publikacja
2000-08-25 00:00

Kulczyk increases its stake in Warta

At the yesterday's block transactions, Kulczyk Holding purchased 10.62% of shares in the insurance company Warta from Franklin Reources Group (Templeton), thus increasing its stake in Warta to over 82.5%. Kulczyk is now expected to finalise a purchase of another 4.9% of Warta's shares from the Belgian bank KBC Verzekeringen and other shareholders. This means that practically, Warta's shares will lose liquidity, as Kulczyk gains control of nearly 90% of the stock. The new issue voted for at Warta's shareholders meeting on Wednesday, will be earmarked for a new strategic investor, but Kulczyk is expected to acquire it before the negotiations with that investor are concluded.

Źródło:IntelliNews Daily
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Zapytaj eksperta o kredyt hipoteczny

Zapytaj eksperta o kredyt hipoteczny

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