CFI HOLDING S.A.: Conclusion of a significant agreement by a subsidiary of the Issuer
The Management Board of CFI Holding S.A., with its registered office in Wrocław (hereinafter also referred to as the “Issuer” or the “Company”), in reference to current report No. 7/2025 dated 23 July 2025, hereby announces that on 8 January 2025, a subsidiary of the Issuer, i.e. Central Fund of Immovables Sp. z o.o., concluded before a notary in Łódź a final (promised) agreement for the sale of real estate with an entity having its registered office in Poland, not affiliated with the Issuer. The transaction concerns real estate located in Gdańsk at Al. Grunwaldzka 103, covered by land and mortgage register No. KW GD1G/00074455/6.
The transaction price amounted to PLN 40,000,000.00, exempt from VAT. An amount of PLN 4,000,000.00 was paid by the buyer as a deposit upon execution of the preliminary agreement. A further PLN 4,000,000.00 will be paid by the buyer from its own funds within 7 days from the date of concluding the agreement, while the remaining PLN 32,000,000.00, financed by the buyer with a mortgage loan, will be paid by the bank no later than 14 days from the date of concluding the agreement, following the buyer’s fulfilment of the conditions for disbursement of the loan specified in the loan agreement.
Security for payment of the price consists of the buyer’s statement of submission to enforcement pursuant to Article 777 of the Polish Code of Civil Procedure, as well as a guarantee granted by a company affiliated with the buyer, together with the guarantor’s statement of submission to enforcement in favour of Central Fund of Immovables Sp. z o.o. pursuant to Article 777 of the Polish Code of Civil Procedure, up to the amount of PLN 36,000,000.00, in the event that the buyer fails to pay the remaining portion of the sale price.
Handover of the property will take place within 3 days after payment of the full sale price.
The remaining terms of the agreement do not differ from market-standard terms applicable to agreements of this type.
In connection with the conclusion of the above agreement, the Issuer’s subsidiary used the services of other intermediary entities providing related services.
