AB Grigeo, one of the largest paper and wood industry company groups in the Baltic States, has signed a preliminary agreement for the purchase of shares regarding the acquisition of one of the factories of Głuchołaskie Zakłady Papiernicze sp. z o.o (GZP), a tissue paper and cardboard manufacturer in Poland.
The company intends to acquire 100% of the shares of the subsidiary company of GZP which will manage the tissue paper business in Niedomice, Poland.
The transaction is planned to be completed within 6 months, subject to the conditions precedent specified in the agreement. The company plans to finance this acquisition from its own financial resources.