Legal attitude: Art. 17 para. 1 MAR - confidential information.
The Board of WDB Insurance Brokers S.A. (hereinafter: "Company", "Issuer", "GVA") informs that on December 21, 2018, it took a decision to start the process of merging GVA (the acquiring company) with Europejskie Konsorcjum Ubezpieczeniowe Sp. z o.o. and the National Brokerage Office S.A. (acquired companies).
It is the intention of the Management Board of the Company to carry out the merger in the mode specified in art. 492 § 1 point 1 of the Code of Commercial Companies, i.e. by the takeover of the acquired companies by WDB and the transfer of all their assets to GVA.
Europejskie Konsorcjum Ubezpieczeniowe Sp. z o.o. and the National Brokerage Office S.A. they are 100% subsidiaries of the Issuer.
The purpose of the merger is to simplify the structure of the WDB capital group.
The merger requires reconciliation between the Issuer and the companies being acquired. The Company will inform about the progress of the process with subsequent reports.
Source: company website, investor relations, current and periodic reports.