CCC raises 1 billion pln, will pay down debt

The CCC Group has completed the sale of 10 percent of its eobuwie.pl shares. Both Cyfrowy Polsat and Rafał Brzoska’s investment vehicle paid PLN 500 million for the shares.

CCC, after a few months from the conclusion of the contract with Cyfrowy Polsat and A&R Investments Limited, received the agreed round one billion PLN. The billionaire companies: Zygmunt Solorz and , who decided to become shareholders of eobuwie.pl, paid PLN 500 million each.

The management board of CCC has just announced the details of the settlement of the transaction. We know that the company first bought 10 percent. eobuwie.pl shares from MKK3 (investment vehicle of the company’s founder), for which it paid PLN 360 million. Then, it sold this package to Cyfrowy Polsat for PLN 500 million.

At the same time, CCC concluded a conditional agreement with A&R regarding the transfer to A&R of also 10 percent. eobuwie.pl shares for PLN 500 million. This amount has been paid, although the formal transfer of the shares will take place at a later date, immediately after the purchase of another block of shares from MKK3.

  • With this transaction, we want to attract reputable investors for eobuwie.pl who will support the company and its team in further, rapid development and building the position of a European leader in online footwear sales – said the main owner of CCC Dariusz Miłek at the beginning of April.

He did not hide that a billion zlotys is a large injection of cash. A large part of this amount is to be used for corporate purposes, including partial repayment of liabilities.

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