Business
Arlen Acquires 50% Stake In Zaklady Odziezowe Tarnowskie Gory
Arlen Acquires 50% Stake In Zaklady Odziezowe Tarnowskie Gory
About this update from Arlen Sa
Arlen SA GPW:ARL:SAID ON WEDNESDAY IT HAS SIGNED INVESTMENT AGREEMENT TO ACQUIRE STAKE IN ZAKLADY ODZIEZOWE TARNOWSKIE GÓRYINVESTMENT IN ZAKLADY ODZIEZOWE TARNOWSKIE GORY TO BE CARRIED OUT IN FIVE STAGES OVER MAXIMUM OF 2 YEARSIN THE FIRST STAGE, EGM OF ZAKLADY ODZIEZOWE TARNOWSKIE GORY ADOPTED A RESOLUTION TO UP SHARE CAPITAL BY 400 ZLOTYS TO 5 400.00 ZLOTYS BY CREATING 8 NEW SHARES, INTENDED TO BE ACQUIRED BY ARLEN IN EXCHANGE FOR A CASH CONTRIBUTION OF 3 MLN ZLOTYSIN THE SECOND STAGE ARLEN ACQUIRED 50% STAKE IN ZAKLADY ODZIEZOWE TARNOWSKIE GORY FOR 7.2 MILLION ZLOTYSTO INVEST ADDITIONAL 7 MILLION ZLOTYS IN ZAKLADY ODZIEZOWE TARNOWSKIE GORY THROUGH CAPITAL INCREASES IN STAGES 3-5TARGETS 60% STAKE IN ZAKLADY ODZIEZOWE TARNOWSKIE GORY AFTER ALL INVESTMENT STAGESZAKLADY ODZIEZOWE TARNOWSKIE GORY IS A POLISH COMPANY OPERATING IN THE CLOTHING INDUSTRY AND SPECIALIZING IN THE PRODUCTION OF MEN'S CLOTHING SUCH AS SUITS, JACKETS, TROUSERS AND VESTS Source text for Workspace: Further company coverage: