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Current report Return >

2011

Number Date Subject
102/2011 2011-12-01 Purchase of assets of WEDO

The Management Board of Boryszew S.A. (Company), in connection with the current report no 80/2011 of September 16th, 2011 and no 85/2011 of September 30th, 2011 informs that according to the agreement concerning purchase of assets of WEDO Formenbau und Kunststoffverarbeitung GmbH with the seat in Germany (WEDO) for the amount of almost EUR 2 m, (the Company informed about the agreement in the current report no 90/2011 of October 22nd, 2011) both parties concluded the latest issues leading to consumption of the agreement.

The seller received on 30th, 2011 the amount for the purchased assets and, according to the agreement, fulfilling the remaining suspension conditions including getting a permission of the German AntiTrust Office (Bundeskartellamt), the cession of the purchased assets follows on December 1st, 2011.

According to the above mentioned agreement the following items are included in the purchased assets:
- fixed assets,
- intangible assets with intellectual property,
- current assets,
- agreements with employees,
- contracts.

WEDO is a producer of high quality forms and appliances in injection technology closely integrated with AKT Group enterprisers (purchased by the Company in August 2011) rending services on construction, design services, R&D and production of plastic elements in both automotive sector and outside.

Signatures:
Małgorzata Iwanejko – President of the Management Board

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