We invested in SPS Handel S.A.
We signed an investment agreement to participate in a capital increase in SPS Handel under which which we will invest PLN60 million and acquire a significant minority of shares.
SPS Handel S.A. was established in 1998 and since 2000 the company has been developing a network of retail stores. Currently the network includes 36 shops operating under “Zielony Market” brand. SPS is also one of the biggest wholesale distributors in northeastern Poland.
“We have gained a financial partner, thanks to whom our dynamically growing company will actively participate in the consolidation of the Polish retail and wholesale distribution market,” said Marek Szczepanek, CEO of SPS.
“We are interested in M&As of retail networks to strengthen our market position. In Resource Partners we have gained a strong partner ready to support our current and future investment plans,” said Piotr Szczęsny, Chairman of the Supervisory Board of SPS and CEO of Polfood Group S.A. – owner of SPS.
“We have decided to invest in SPS Handel as we appreciate the quality of the company’s management, as well as the potential of its market. We strongly believe in the consolidation of Polish retail market and further organic growth possibilities,” said Ryszard Wojtkowski.
In accordance with an earlier agreement, we bought additional shares from the minority shareholders and increased our stake in Golpasz S.A. from 67 per cent to 85 per cent. We have been an investor in Golpasz S.A. since December 2015.
Kent Orrgren, CEO at World Class, performed at the European Health and Fitness Forum in Cologne. The 5th annual event brought together top experts from different sectors of the industry and over 400 delegates from 34 countries to discuss human capital in the European fitness sector.