Event: Finalization of purchase of 90% of Olavion shares.
The Company finalized its purchase of 90% shares of Olavion. Due to the fulfilment of all validity conditions the seller transferred the ownership of the 90% shares of Olavion to Unimot based on the agreed price which has been adjusted for net debt and net working capital at the day of purchase. The purchase of the remaining 10% of Olavion is to be done no later than July 7th 2025. Olavion is an entity rendering railway logistic services in Poland and abroad based on transport licenses. Olavion possesses 16 railway cars and it employs 79 workers, including 49 railway engine drivers.
Expected impact: Neutral. This is in line with management declarations and expected.
Analyst
Lukasz Prokopiuk, CFA
GPW’s Analytical Coverage Support Programme 3.0
This report is prepared for the Warsaw Stock Exchange SA within the framework of the Analytical Coverage Support Program 3.0.
117/2023/AR March 8, 2023
