CD Projekt Acquisition Finalized

Category: News Archive

Hits: 2052

Written by Brother None on October 23rd, 2009

Tweet

On October 21st, 2009, CDP Investment Sp. z o.o. and Optimus S.A. concluded an agreement in accordance with a letter of intent the companies had signed earlier. The investment contract is valued at 23 million USD. Pursuant to the contract, the owners of CDP Investment will retain control of the CD Projekt Group while gaining control of Optimus by acquiring 50% of the listed company's shares.

(This transaction represents the full realization of the strategic goals that CD Projekt's owners set for themselves. Above all, we will become a publicly listed company, which denotes access to capital. That in turn will spur further company growth. The immediate financing we obtained through the deal will allow us to pursue our operational goals in troubled times. We have gained all this while retaining control of the business, which was essential to us. The added spice of the contract is that we are merging with a corporation that, like CD Projekt, has been at the center of the Polish computer market throughout its history,)said CDP Investment stockholder Adam Kiciński.

• Prev
• Next