Poland - Mispol acquires Agrovita
has announced that it signed an agreement pertaining to acquisition of a 100% stake in Agrovita Bialystok, one of the leading producers of convenience meals in Poland. The value of the transaction may range from PLN 12.7m (€3.3m) to PLN 15m (€3.9m), and depends on the form of payment for the stake, which the bidder is to pay with cash or own shares.
Mispol declared that, over the next three year, it will invest at least PLN 3m (€0.8m) in Agrovita.
The acquisition is to result in an increase of Mispol’s share in the Polish traditional ready-to-eat meals market along with an increase in its production capacity of modern ready-to-eat meals, according to Marek Piatkowski, Mispol’s president.
