Cognor, a subsidiary of Cognor Holding has won a tender for the purchase of real estate in Siemianowice Śląskie from Towarzystwo Finansowe Silesia for PLN 61.48 million, the group announced. The real estate is to be used for the construction of a rolling mill.
Cognor won the announced by Towarzystwo Finansowe Silesia Spółka z o.o. tender for the sale of a perpetual usufruct right to a developed plot of land located in Siemianowice Śląskie, with a total area of land plots of area of 0.4015 ha and buildings and structures located on this land property, constituting a separate subject of ownership, for the total price of PLN 61,480,500.
According to the terms of the tender, the sale agreement should be concluded within 90 days from the date of the offer selection.
The purchase of the property is part of an investment plan consisting in the construction of a rolling mill by Cognor, where, among others, established modern production line for the production of hot-rolled bars.
Cognor Holding was established in 1991, initially dealing with the trade of metallurgical products. It has been listed on the WSE since 1997, and since 2006 it has become part of a larger industrial group dealing with the production of steel products and trading in metal scrap. Currently, it is a holding unit of a capital group comprising a dozen or so entities operating mainly in Poland. Consolidated sales revenues reached PLN 1,733 million in 2020.
Source: Cognor and ISBnews
Photo: Cognor Holding
