REKLAMA
GPW

Shareholders argue over VandW and Kruk share swop

2008-11-21 00:00
publikacja
2008-11-21 00:00
Pension fund PZU Złota Jesień, which has a stake of almost 20 percent in clothing giant Vistula & Wólczanka (V&W), is to demand an amendment to the already agreed on parity of exchange of shares between  jewellery giant W.Kruk and V&W which are undergoing a merger process.

Representatives of the fund want an exchange rate of 2.2 shares in V&W per share in W.Kruk, as compared to the current 2.4:1. This ratio was agreed on a few months ago by all members of the supervisory board at V&W, and in order to change it now, the company will need two third of votes during the approaching shareholders meeting.

"We should no longer be discussing this issue. It was settled by independent experts. I am content with it. I hope other shareholders are as well," said Wojciech Kruk.

Source: Puls Biznesu (A.K.)

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