Cordia International Ingatlanfejlesztő Zrt. announced a public tender offer to buy the remaining approximately 34.34% of the shares in Polnord S.A.
Cordia has recently acquired approximately 65.66% of the shares in Polnord and intends to purchase in a tender offer up to 100% of the shares. Price per share offered by Cordia is PLN 3.55.
“Cordia intends to increase its ownership in Polnord. Under Polish law, the threshold of 66% of the votes at a general meeting in a publicly listed entity may be exceeded only by way of a tender offer for the all remaining shares in such entity. Our tender offer was announced in order to fulfil such obligation”, says Tibor Földi, CEO of Cordia International.

The article on BBJ.HU is available here.