Echo Investment to stay on the WSE - Griffin
13:21
After acquiring 41.55 percent of Echo Investment (EI), Griffin Group is not planning to withdraw the developer from the WSE, it will announce a public tender offer to purchase 66 percent of EI shares.
The new investor is not going to make any changes to the management board of the company, the press release also read.
The deal was signed on February 28. It needs to be approved by the UOKiK, the Polish anti-monopoly watchdog. WSE listed EI has a total market value of $720 million.
