Sescom Spólka Akcyjna cancelled the acquisition of IT services from CUBE.ITG S.A..
February 22, 2017
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Sescom Spólka Akcyjna (WSE:SES) signed a preliminary agreement to acquire IT services from CUBE.ITG S.A. (WSE:CTG) for PLN 12.5 million on February 23, 2016. Sescom Spólka Akcyjna will sign definitive agreement to acquire IT services from CUBE.ITG S.A. in next 2 months. On April 28, 2016, Sescom entered into a definitive agreement to acquire IT services from CUBE.ITG. As on May 17, 2017, Sescom SA set the final price of purchase of organized part of CUBE.ITG at PLN 6.2 million. As of May 19, 2017, CUBE.ITG set the final price of purchase of organized part of CUBE.ITG at PLN 9.7 million. As on May 20, 2017, Sescom and CUBE.ITG pledged to undertake the necessary steps to set the final price in an amicable manner. Maciej Kozuchowski, Monika Zulinska, Inard Bielinska, Bartlomiej Wozniak, Carolina Turko, and Carolina Kraal of GESSEL acted as legal advisors to Sescom Spólka Akcyjna. Krzysztof Wrobel and Marcin Jasinski of RKKW Law Firm acted as legal advisors to CUBE.ITG S.A.
Sescom Spólka Akcyjna (WSE:SES) cancelled the acquisition of IT services from CUBE.ITG S.A. (WSE:CTG) on February 23, 2017.
Sescom SA is a Poland-based company engaged in construction services. The Company specializes in provision of management, technical maintenance and repair of buildings' heating, ventilation, air conditioning and electrical installation. Sescom SA provides its services into five business sectors: food trade, finance, telecommunications, construction and commerce. The Company provides services in facilities maintenance and fixed network throughout the domestic market, as well as in the Czech Republic, Slovakia, Hungary, Romania and Germany. The Companyâs client portfolio includes Reserved, Mohito, Gatta, Credit Agricole, Eurobank, Panasonic, Douglas, Jysk and The United Colors of Benetton brands, among others.