Business
17:03 17 November 2019
Post by: WBJ

German Nextbike to become main shareholder of Nextbike Polska

German Nextbike to become main shareholder of Nextbike Polska

German Nextbike GmbH will become the main shareholder of Nextbike Polska, the largest operator of city bike systems in the country as the Polish company is struggling to resolve its financial problems. Nextbike GmbH agreed to inject over PLN 11 million in the capital of Nextbike Polska in exchange for the entire issue of series E shares and the planned issue of series F shares. After the deal, it will become the largest shareholder of Nextbike Polska with 51.7 percent of voting rights.

"The capital commitment of Nextbike GmbH mitigates the risk of insolvency and bankruptcy of Nextbike Polska," - Paweł Orłowski, the outgoing CEO of Nextbike Polska, told the Polish Press Agency (PAP).

(money.pl)

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