Cognor pays PLN 61.48 million for land for construction of a rolling mill in Silesia

Cognor - a subsidiary of Cognor Holding - has signed an agreement with Towarzystwo Finansowe Silesia for the purchase of real estate in Siemianowice Śląskie for PLN 61.48 million, the group said. The property is to be used for the construction of a rolling mill.

The agreement covers the right of perpetual usufruct of a developed land property located in Siemianowice Śląskie with a total area of ​​21.0597 ha and the ownership of buildings and structures located on this property, as well as the right of perpetual usufruct of a developed land property located in Siemianowice Śląskie, consisting of a plot of land with an area of ​​0 , 4015 ha as well as buildings and structures located on this land property constituting a separate subject of ownership.

The total value of the transaction is PLN 61,480,500.

Cognor Holding was established in 1991, initially dealing with the trade of metallurgical products. It has been listed on the WSE since 1997, and since 2006 it has become part of a larger industrial group dealing with the production of steel products and trading in metal scrap. Currently, it is a holding unit of a capital group comprising a dozen or so entities operating mainly in Poland. Consolidated sales revenues reached PLN 1,733 million in 2020.

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