Red Purse sells monkey – Parquet

Red Purse sells monkey – Parquet

Source: company

Listed company wants to sell the retail chain company Fortea Investments for over 362 million zł.

This information will hit the market on Tuesday after the session. The transaction parties have stated that their intention is to execute transactions in which an Fortea purchases from companies selling 100 percent. Monkeys action. The transaction depends primarily on the consent of the Office of Competition and Consumer Protection. Monkeys purchase price was set at more than 362 million zł. The agreement is also a record of the possibility of the monkey by the buyer additional funding to EUR 12 million.

The transaction will take place on the fifth working day after the date on which the last condition is met precedent, or any other day of the agreed by the parties. The parties also agreed that prior to closing – but not later than 30 June 2015. – Will have the right to cancel the contract, but only for the reasons recorded in the contract (such as eg. The lack of antitrust clearance or unsatisfactory results due diligence ).

The first store was opened Monkey Express in March 2012. Now there are almost 350 Monkey Express is a chain of convenience format, developed on the principles of partnership. Shops offer a range of grocery and liquor store.

Red Purse bought a monkey from Matthew Switalski last year. Matthew is the son Marius Świtalski Switalski, the largest shareholder of a listed company. It is worth noting that Fortea Investments is also a shareholder of the Red Shoes. Ma

has more than 12 million shares, corresponding to more than 16 percent. votes at the general meeting.

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