Famur buys 65.83% shares in Kopex

WSE-listed machinery producer Famur bought a 65.83 percent stake in rival Kopex from Famur's majority shareholder TDJ for PLN 204 million, confirming the previously announced deal details. The share price in the transaction stood at PLN 4.17 apiece, and will be financed from the sale of 72.92 million new shares in Famur sold by TDJ to ABB earlier this month. The offer assumes, that after the deal is finalized, Kopex will be split into two units, with one focused on machinery building, and the second on services. Famur CEO Mirosław Bendzera said that he hopes, that the combined group would become the third biggest sector company position on the global market.