May 23, 2017 / 10:31 AM / 2 months ago

BRIEF-Marvipol Development files prospectus to KNF

1 Min Read

May 23 (Reuters) - Marvipol SA:

* Informed that its special purpose entity, Marvipol Development SA, has filed a prospectus to the Polish Financial Supervision Authority (KNF)

* Mariusz Ksiazek, the company's CEO, says that Marvipol would like to see the debut of Marvipol Development still in 2017 (on the main market of the Warsaw Stock Exchange)

* The company plans to seperate its real estate and automotive businesses and to transfer the company's real estate operations to Marvipol Development

* Informed about the planned split in Sept.

* Hopes to complete the spin off not later than in Q4

* After the spin off, Marvipol SA to focus on automotive operations and to change its name to British Automotive Holding

Source text: bit.ly/2qQg50i

Further company coverage: (Gdynia Newsroom)

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