Bloomberg News

Polish PBG Agrees to Buy 50% of Rafako for 540.8 Million Zloty

June 28, 2011

June 28 (Bloomberg) -- PBG, Poland’s second-largest builder by market value, late yesterday said it had signed a preliminary agreement to purchase a 50 percent stake in industrial equipment maker Rafako SA for no more than 540.8 million zloty ($193.4 million).

PBG agreed to buy the majority stake in Rafako from a Cyprus-based unit of Elektrim SA, subject to the approval of Poland’s competition regulator.

Link to Statement:{NSN LNGYF73PWT1C <GO>}

To contact the editor responsible for this story: David McQuaid at dmcquaid1@bloomberg.net


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