JW Construction to launch buyback offer

WSE-listed real estate developer JW Construction has accepted the tender offer from its owner Józef Wojciechowski to buy back company's shares. If the offer is successful he will control 100 percent shares of the company. Wojciechowski, who currently owns 65.96 percent stake offered to buy back the remaining 30.25 million shares for PLN 4.7 per share (as of press the time the stock was priced at PLN 4.69). Wojciechowski previously stated, that he doesn't plan on delisting the company from the Warsaw bourse.