Globe Trade Centre S.A. ("GTC") in reference to the current report No. 14/2010 dated 24 May 2010, hereby notifies the public that since certain conditions provided in the agreements executed between GTC and Polnord S.A. on 24 May 2010, including the receipt of consent of the Office of Protection of Competition and Consumers for the execution of the transaction, have been satisfied, on 2 August 2010, Polnord S.A. and GTC signed an agreement whereunder GTC acquired from Polnord S.A. 50% of shares in the share capital of "Centrum Handlowe Wilanów" Sp. z o.o. (CH Wilanów). Following execution of the said agreement, each of GTC and Polnord S.A. hold 50% of shares in the share capital of "Centrum Handlowe Wilanów" Sp. z o.o. CH Wilanów is the owner of the real estate of 7.5 hectares, situated in the Warsaw district of Wilanów where the Parties intend to construct one of the most advanced shopping centres in Europe. The date of commencement of construction works depends on the grant of the required administrative decisions by the Municipal Office of the Capital City of Warsaw.
Legal basis: Article 56, section 1.2 of the Offering Act- Current and interim reports.
Signed by
Date |
Name |
Position |
2010-08-02 |
Mariusz Kozłowski |
Member of the Management Board |
2010-08-02 |
Witold Zatoński |
Member of the Management Board |