April 28, 2017 / 11:38 AM / 5 months ago

BRIEF-PEPEES plans to acquire Ponary for 11.7 mln zlotys

April 28 (Reuters) - Przedsiebiorstwo Przemyslu Spozywczego PEPEES SA (PEPEES):

* Said on Thursday that its signed prelim. agreement concerning purchase of 34.9 pct stake in Gospodarstwo Rolne Ponary sp. z o.o. (Ponary)

* The company signed also agreements allowing it to buy all remaining stake of Ponary

* The price for all shares is set at 11.7 million zlotys ($3.03 million)

* Conclusion of Ponary acquisition to ensure the implementation of the company’s strategy for access to raw materials through own starch of potato crops

Source text for Eikon:

Further company coverage: ($1 = 3.8576 zlotys) (Gdynia Newsroom)

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