Famur shareholder sells 20% stake for PLN 535 mln

TDJ, the majority shareholder of WSE-listed mining machinery producer Famur, sold 20 percent of its stake in the company for PLN 535.1 million in an accelerated book building process. Initially, it planned to sell 15 percent of the company, but increased the stake due to the amount of interest. TDJ will use the proceeds from the sale to buy newly issued shares at a matching price. During a recent roadshow, Famur met with over 80 potential institutional investors.