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MAGNUSSON WARSAW ADVISES ON PURCHASE OF LARGE POULTRY PROCESSING PLANT

2018-07-31

Magnusson Warsaw has advised on the acquisition of a controlling interest in the Polish company L&B Wyrębski by Plukon Food Group, based in the Netherlands. The transaction was finalised in July 2018.

The recently completed second stage of the transaction comprised determining the target shareholding and corporate structure of the company, which was achieved through Plukon acquiring shares in the increased share capital of the company. Currently, Plukon is the majority shareholder of the company (60%), while members of the Wyrębski family, who have retained the status of minority shareholders, hold the remaining 40%.

Magnusson advised the new shareholder. On the part of the law firm, the entire process was coordinated by two partners: Wojciech Fabrycki, Head of Corporate and Capital markets practice, and Tomasz Kudelski, specialising in commercial law and transaction advisory. “The funds acquired by the company allowed it to finance the acquisition of assets in relation to the completion of an investment in the construction of a modern slaughterhouse and poultry processing plant” said Wojciech Fabrycki.

Plukon Food Group B.V., with its registered office in the Netherlands, is one of the leading producers and processors of poultry in Europe. Its production facilities are situated in the Netherlands, Belgium, and Germany. On 31st January 2017, the company was permitted to take over L&B Wyrębski, as a consequence of which the latter changed its business name to Plukon Sieradz.

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