Rymarz Zdort Maruta advises on the accelerated book-building process for Murapol shares

We are pleased to announce that we advised AEREF V PL Inwestycje sp. z o.o., a company in the Ares Management Corporation group, which is the main shareholder of Murapol S.A. (the “Company”), as part of the ABB (accelerated book-building) transaction for the sale of the Company’s listed shares on the Warsaw Stock Exchange.

The Joint Bookrunners were Erste Securities Polska, Pekao Investment Banking, Bank Polska Kasa Opieki – Biuro Maklerskie Pekao, Banco Santander and Santander Bank Polska – Santander Biuro Maklerskie.

The original purpose of the transaction was to sell 6,120,000 Murapol shares representing approximately 15% of the Company’s share capital, but due to significant demand expressed by many Polish and foreign investors, the number of shares for sale was increased from 15% to 20% of the Company’s share capital, ultimately amounting to 8,160,000 shares.

The offer was addressed exclusively to selected investors meeting certain criteria, i.e. institutional (qualified) investors or investors who purchased securities for a total amount of at least EUR 100,000. The sale price per share was set at PLN 38 and the total value of the transaction was approximately PLN 310 million.

The Murapol Group is active in property development in Poland’s largest cities. Its main area of activity is the development of residential projects in the popular and premium popular segments.

The work of the Rymarz Zdort Maruta team was led by the partners responsible for the equity capital markets practice, Paweł Zdort (managing partner) and Filip Leśniak (partner), who, together with Maciej Kowalski (senior associate), led the day-to-day work on the transaction. The team also included Bartosz Brudek (paralegal).