Fabrity Holding S.A. (WSE:FAB) acquired 51% stake in Panda Group for PLN 4.1 million on February 14, 2024. The purchase price for the majority stake in Panda Group was PLN 2.0 million, with a possible payment of up to an additional PLN 2.1 million if specific business goals are met over the next two to three years (Earn-Out). Currently, Panda Group?s revenues are around PLN 6 million per year. The existing partners retain a combined 49% of the shares and will remain actively involved in the company?s development, with Szymon Niedziela continuing as Chief Executive Officer.

Fabrity Holding S.A. (WSE:FAB) completed the acquisition of 51% stake in Panda Group on February 14, 2024.