Decision to start the process of reviewing the strategic options of the FBSerwis Group
The Management Board of Budimex SA (“Budimex”, “Management Board”) informs that on November 7, 2024 it decided to start the process of reviewing strategic options in relation to FBSerwis Group.
As part of the review, Budimex together with management board of FBSerwis SA, dominant entity of FBSerwis Group, intends to analyse scenarios covering, among others search for a significant investor or investors for FBSerwis Group (both minority and majority), concluding a strategic alliance with another entity, introducing the selected company to the Warsaw Stock Exchange (IPO). Moreover, Budimex plans to analyse the possibility of FBSerwis Group activity diversification. The above list of scenarios is not exhaustive and other scenarios not listed above can be also considered if they appear as a result of the review.
Budimex has decided to start the process of selecting an external advisor from reputable companies, whose task will be to support the management board in the process of reviewing strategic options.
As part of the strategic options review process, a market analysis and assessment of potential investor interest will be conducted. Based on the results of these activities, Budimex will make a decision on further actions within the process, which should occur by April 30, 2025. In the opinion of the Management Board, the completion of the process of reviewing strategic options should occur by October 31, 2025.
The indicated dates are approximate and have been established under the current market and economic conditions.
The result of the process may also be a decision to adopt a new strategy for FBSerwis Group within Budimex Group.
Budimex has decided to disclose the above information to the public due to its importance for the operations of Budimex SA, in particular in the areas of its operations.
