April 23, 2019 / 14:09
Regulatory filing
In relation to regulatory filing 4/2019 dated 28th of February, 2019, the Management Board of Agora S.A. (“Company”, “Agora”) hereby informs that the President of the Office of Competition and Consumer Protection granted a consent to concentration by creating a joint venture by Helios S.A. with its registered seat in Łódź
(a subsidiary company of Agora) and three entrepreneurs (natural persons) on the basis of existing company Step Inside sp. z o.o. with its registered seat in Łódź (“Step Inside”) regulated by rules set out in term sheet (the Company informed about execution of the Term Sheet in regulatory filing 4/2019).
The consent of the President of the Office of Competition and Consumer Protection is a significant step in negotiations of detailed principles of cooperation and managing of a joint venture created on the basis of existing company, Step Inside. The joint venture shall develop and operate a network of eateries under the brand Pasibus, which - from the Agora Group’s perspective - means increasing the scale of operations on food market. The restaurants will be located in high streets and shopping centres.
The Company shall inform about further steps undertaken in the process in forthcoming regulatory filings.
Legal basis: Article 17, paragraph 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission directive 2003/124/EC, 2003/125/EC and 2004/72/EC.
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