PineBridge Investments LLC signed a preliminary agreement to acquire Malpka S.A. from Czerwona Torebka Spólka Akcyjna for approximately PLN 360 million.

PineBridge Investments LLC signed a preliminary agreement to acquire Malpka S.A. from Czerwona Torebka Spólka Akcyjna (WSE:CZT) for approximately PLN 360 million on December 23, 2014. The consideration of amount of PLN 27 million is payable in 16% stock of Czerwona Torebka held by Pinebridge and is payable on approval of transaction by the competition watchdog UOKiK. The remaining amount would be paid within three years, although PineBridge and Czerwona Torebka involved have time to back out until June 2015.

The Office of Competition and Consumer Protection approved the transaction on February 2, 2015. Prof. Marek Wierzbowski i Partnerzy- Adwokaci i Radcowie Prawni acted as legal advisor to Czerwona. Jacek Byrt and Bernard Maciulewicz from Azimutus sp.

z o.o. acted as the fairness opinion provider to Malpka S.A.