Rymarz Zdort Maruta advises brokerage house Biuro Maklerskie PKO BP on issue of new and sale of existing shares in Archicom valued at PLN 220 million

We are pleased to announce that we advised the brokerage house Biuro Maklerskie PKO BP, which acted as the global coordinator in an accelerated book-building (ABB) process concerning the issuance by Archicom S.A. of 10 million new series D and E shares and the sale, by DKR Echo Investment, of approximately 6.1 million existing shares in Archicom S.A. The proceeds from the sale of the existing shares were reinvested in non-floating new issue shares. The value of the transaction amounted to PLN 220 million.

Archicom S.A. will primarily use the proceeds to intensify its activities in the area of land acquisition for further investments.  

The Archicom Group is a nationwide property developer which is a subsidiary of Echo Investment. Both companies are listed on the Warsaw Stock Exchange. DKR Echo Investment is a direct shareholder of Archicom S.A. and a 100% subsidiary of Echo Investment.

The day-to-day work and supervision of the transaction was handled by Filip Leśniak, a partner co-heading the capital markets practice. The transaction team also consisted of Karolina Kłos (senior associate) and Piotr Sławek (associate).

“We thank our client for their trust – Krisztina Bende, Tomasz Krześniak, Katarzyna Matyjasek-Kowalczyk, Agata Dymel, Jacek Frączyk and Maksymilian Piotrowski. We are pleased to be among the legal advisors supporting transactions carried out by Biuro Maklerskie PKO BP brokerage house. We congratulate Archicom and all those involved in the transaction”, says Filip Leśniak.