Work Service extends Exact Systems sale deadline

WSE-listed HR firm Work Service has, yet again, extended the exclusivity period for selling its shares in Exact Systems until July 31. Back in April, the company signed a framework deal with Exact Systems managers to sell the stake for PLN 162.64 million and expected to sign a preliminary binding agreement by end-June. Earlier this month that period was extended to July 20. Exact Systems is a leading provider of services in the quality control sector for companies operating in the automotive sector. It is present in 11 countries in Europe and in China. Back in 2007, Work Service acquired a 68 percent stake in the company for PLN 9.5 million.