Dom Development: Exclusivity for negotiations for takeover of Buma companies extended to 28 II

by   CIJ News iDesk III
2022-01-14   08:34

The exclusivity of negotiations regarding the acquisition by Dom Development of selected companies from the Buma Group has been extended until February 28, 2022, Dom Development reported. Until now, the exclusivity was valid until January 14 this year.

The company intends to acquire 100% of the shares of the following entities: Buma Development, Buma Contractor 1, Buma Management, RSKK, Buma Development 22, Buma Development 21, Buma Development 20, Buma Development 12, Buma Development 8.

The Buma Group is one of the leading housing developers in Krakow, where it sold 261 apartments in 2021.

In September last year, Dom Development signed a letter of intent, pursuant to which Sento, the company's subsidiary, was granted exclusivity until January 14, 2022, for negotiations regarding the acquisition by Sento of selected companies from the Buma Group, conducting development activities and servicing ongoing investments. In December, Dom Development took over the rights and obligations of Sento to conduct these negotiations.

Source: Dom Development and ISBnews