The process of dividing the Marvipol capital group – a developer of residential and commercial real estate projects, as well an importer and dealer of Jaguar, Land Rover and Aston Martin cars – into two separate listed companies is nearing completion. The Polish Financial Supervision Authority (KNF) has approved the prospectus of Marvipol Development, the company that will continue the real estate business of Marvipol. It is expected to debut on the Warsaw Stock Exchange (WSE) by the end of this year. Marvipol, which is already listed on the WSE, will continue the car dealership business and will change its name to British Automotive Holding.
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