National Support Center for Agriculture buys stake in PKL

National Support Center for Agriculture (KOWR) bought 45,000 shares in Polish Cableways (PKL), using its preemptive right. KOWR will apply to the court to determine the selling price of PKL shares. The capital of PKL amounts to 17.2 million shares. In June, KOWR  was notified about conditional share purchase agreement between the owner of PKL - the Luxembourg company Altura - and PKL CEO Janusz Ryś.  However, according to the law, if someone sells agricultural property of more than 0.3 hectare, KOWR has a preemptive right of purchase, which it has used in this case. "Such a little change in shareholding will not affect company operation in any way," PKL CEO said.