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    Home » Rymarz Zdort Advises on Ronson Development Share Squeeze-Out

    Rymarz Zdort Advises on Ronson Development Share Squeeze-Out

    March 4, 20221 Min Read News
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    Rymarz Zdort has advised the Amos Luzon Development and Energy Group on the squeeze-out of the minority shares in Ronson Development.

    Bank Pekao-Biuro Maklerskie Pekao acted as an intermediary for the purpose of the squeeze-out process.

    Ronson Development is a real estate developer in Poland with residential investments mainly in Warsaw, but also in Poznan, Wroclaw, and Szczecin.

    According to Rymarz Zdort, “the Ronson share squeeze-out process was initiated in May 2021. The Luzon Group, which at that time held 66.1% of the shares, announced an offer to purchase the shares from all of the other interested shareholders. On February 14, 2022, the Luzon Group required the buy-back of 8,144,022 shares in Ronson Development held by the minority shareholders and representing 4.97% of the share capital. The squeeze-out date was set for February 17, 2022, and the price per share was PLN 2.51. As a result, the Luzon Group now holds in aggregate 100% of the share capital of Ronson Development.”

    Rymarz Zdort’s team included Managing Partner Pawel Rymarz, Partner Jakub Zagrajek, and Associate Malgorzata Derus.

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