This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program 4.0
Event:
Intent letter on the real estate disposal signed. On Wednesday, during the WSE trading hours, Action informed about an intent letter it signed with respect to a planned disposal of the nonrelated to the Company’s core business real estate in Kraków (total area of 4,064 sq m). The proposed purchase price of the said real estate would amount to PLN 19.8 million increased by due VAT with the option of an additional payment provided the building permit allows for an investment exceeding 6,000 sq m; in this case every additional square meter above 6,000 sq m would cost PLN 3,400. The intent letter does not constitute any offer or commitment to any agreement. Expected impact: Neutral, the news reached the market during yesterday’s session.
