Global Cosmed acquires Global Cosmed Group

WSE-listed Global Cosmed has taken over Global Cosmed Group, the owner of such brands as KRET, SOFIN, APART, BOBIN, the company reported. Global Cosmed has sold 38.06 million of its shares to Andreas Mielimonka in exchange for a100 percent stake in Global Cosmed Group. Mielimonka is the president of the supervisory council at Global Cosmed. In December, Global Cosmed informed it was going o acquire Global Cosmed Group alongside its German subsidiaries. This transaction is to reach PLN 217 million and is to be finalized by May 2016.