Following news that it had acquired a new strategic investor, shares for the troubled housing developer Gant shot up Tuesday 13.8 percent, trading at PLN 0.91 a share on the Warsaw Stock Exchange. The Ukrainian company Global Energy bought a controlling stake of 2.47 million shares. The new majority shareholder refused to provide any details about the new strategy for the Polish developer. It did say, however, that it is considering increasing its stake in the company in the medium-term.
Artur Staykov, CEO of Global Energy, revealed that he’s planning to introduced some changes to Gant’s management board. “We need to be sure that our restructuring plan for the company will be implemented properly,” he said.
