Dom Development to buy Euro Styl for PLN 260 mln

WSE-Listed developer Dom Development signed a binding preliminary deal to buy peers Euro Styl and Euro Styl Development from Forum IV FIZ investment fund for PLN 260 million, the company said in a market filing. The final deal is expected to be signed by June 14. The transaction has been approved by the antitrust watchdog UOKiK. “The acquisition may become a beginning of a new way of firm's expansion to new markets in the future,” Dom Development said. The transaction should have a positive impact of the transaction on both revenues and profits and will provide its estimates of the impact after the deal is closed, Euro Styl added. Dom Development signed a letter of intent on buying the two firms back in January.