Pfleiderer Grajewo finalizes takeover of parent company

WSE-listed chipboard producer Pfleiderer Grajewo has completed a reverse takeover of its parent company, Pfleiderer GmbH. Grajewo also aims to enter the Warsaw bourse this year. The acquisition totalled some PLN 740 million, including the value of the private offer (PLN 362 million) and shares transfered by Atlantik to selected creditors. By the end of February, the group is planning to hold a extraordinary shareholders meeting in order to appoint a new spervisory board. Later this year, Grajewo is to debut on the WSE.