Warsaw Stock Exchange-listed developer Dom Development and the Forum IV investment fund have signed a final agreement for the acquisition of Tri-city developer Euro Styl for PLN 260 million. A preliminary agreement between Dom Development and Forum IV was signed on May 17. The acquisition of Euro Styl will allow Dom Development, which is currently active in Warsaw and Wrocław, to enter a new market and step up its development activity. As a result, the company’s sales and profit are expected to increase by approximately 15 percent, said management board president Jarosław Szanajca. “The acquisition could also mark the beginning of a new way of expanding into new markets in the future,” Szanajca said.
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