Purse Red Monkey Express sells network … – DlaHandlu.pl

Purse Red Monkey Express sells network … – DlaHandlu.pl

The parties declared that their intention is to execute transactions in which an Fortea purchases from companies selling 100 percent. the “monkey” SA The purchase price was set at EUR 362.3 million zł

The transaction depends primarily on the consent of the President of the Office of Competition and Consumer Protection to take control of “monkey” SA by the buyer. The agreement includes a provision for the possibility of the company by the buyer monkey additional funding to EUR 12 million.

Fortea, if it obtains the agreement of the OCCP, has to pay the first installment of the purchase price – zł 37.6 million in shares, giving the Red Purse and its subsidiaries, all of your package, valued by the stock market closing prices of 23.12 .2014 r. to 27.3 million zł. The rest of the money is to be paid within three years.

-Strony agreement have agreed that the sale of shares monkey and settled parts of the purchase price payable on closing of the transaction will take place through a brokerage house “- said in a statement.

Over the last month, shares of Red Handbags become cheaper by 54.82 per cent., and are worth 2.25 zł per share (in mid-February 2014, and was a 12 zł).

After three quarters of 2014 the gross profit of the Red Bags closed with a loss in the amount of 93.99 million to 26.93 million zł zł in the same period of the previous year. The red bag as a joint stock company was founded in 2007. and is a continuation of the activities carried out by Mariusz Świtalski main shareholder founder of the company and the network Eurocash, Ladybug and frog.

The first store was opened Monkey Express in March 2012. To this day, all over the country operates nearly 350 stores. Monkey Express is a chain of convenience stores format developed on the principles of partner. Shops offer a range of grocery and liquor, consisting of approx. 2 500 index product. These are m.in .: groceries, sweets, fruits and vegetables, alcohol and tobacco and newspapers, chemicals and cosmetics.

PineBridge is a minority shareholder in Red Bags from March 2009. The fund was also a minority shareholder in 2000-2007 Frogs.