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2017

Number Date Subject
41/2017 2017-08-23 Information on a potential transaction pertaining to sale of subsidiaries operating in the trading segment

Legal grounds: art. 17 clause 1 MAR – confidential.


The Management Board of Boryszew S.A. with its registered office in Warsaw announces that on 23 rd of
August 2017 Impexmetal S.A. – a subsidiary of Boryszew S.A. - signed a Letter of Intent with a
potential investor, i.e. an entity within the capital group of one of the Chinese leaders in machine
sector operating in global market (the Purchaser) pertaining to sales of the shares in FŁT Polska
Spółka z o.o. (FŁT Polska) held by Impexmetal S.A., constituting 98.35 % of share capital/total number
of votes in FŁT Polska (the Shares).


FŁT Polska and their foreign subsidiaries (Bearing group), i.e. FLT France SAS (France), FLT
Bearings Ltd. (United Kingdom), FLT Wälzlager GmbH (Germany), FLT & Metals s.r.l. (Italy), FLT
(Wuxi) Trading Co. Ltd., (China), are substantial suppliers of bearings for well-known world automobile
and farming machine manufacturers. Generated revenue of the Bearing Group in 2016 was
approximately PLN 300 million, whereas income on operations exceeded PLN 20 million.


The Parties’ intention is to agree on detailed terms and conditions (including the price) for the potential
transaction to alienate the Shares for the benefit of the Purchaser on the basis of, but not limited to,
results of legal challenge assessment and financial standing of FŁT Polska. The Parties intend to sign
a preliminary contract for the sale of shares as soon as practicable, whereas the final contract should
be concluded only after every and each required permit is acquired, to include permits of Chinese
administrative authorities.

 

Signed by:
Jarosław Michniuk – President of the Board

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