The WSE-listed developer Gant is one step closer to merging with Geo. The company signed a letter of intent this month, according to the business server parkiet.pl. “We decided to corporate, as it bring synergy to our business,” said Karol Antkowiak, Gant’s owner. “This will help us expand the scale of our activity, as Geo is now active in Kraków.” The deal would also help Geo, which has PLN 239.2m in debt, to stay afloat. Gant stock prices, currently below market value, would also no doubt benefit from the merger, claims Antkowiak.
