Legal basis: Article 17 para. 1 MAR - confidential information.
Bearing in mind the market conditions and changes in the economic and legal environment, in particular difficulties in the area of obtaining funding from the European Union, the Management Board of Financial Assets Management Group S.A. informs about the preparation and adoption of a new strategy for the Company's operations and development. The high competitiveness of the market area in which the Company operates has forced the undertaking of activities leading to the diversification of operations and exploration of new business areas. As part of the actions taken to develop a new business strategy, the Company's Management Board decided to base its future operations on three pillars - sales of electricity and natural gas, real estate trading and provision of telecommunications services.
Activities within retail and business customers on the electricity, gas and telecommunications markets will allow the Company to achieve synergies by offering these services as part of bundled offers. Achieving the listed synergies and significantly increasing the area of business, in turn, will allow the Company to achieve a satisfactory financial result and in the long term, the Company will enter the path of systematic increase in value, which will certainly be a positive signal for current and future investors.
In the near future, the company envisages the purchase of both an entity holding a license to trade in electricity and gas fuel, as well as a telecommunications operator.
Details of the Company's new business strategy and development are presented in the attachment to this current report.
Source: company website, investor relations, current and periodic reports.