The developer Gant is preparing to issue up to 2 million shares, according to the daily Puls Biznesu, with bidding expected to start at PLN 3 per share. Gant’s General Meeting agreed last week that the company should identify a strategic investor, and it’s emerged that Gant is on course to merge with the Kraków-based developer Geo. A letter of intent was signed to that effect last week, but Puls Biznesu reports that Geo’s owner, Adam Zaremba Śmietanowski may consider the number of shares to be issued too small. Further decisions on the merger are set to be taken by the end of the year.
