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Novavis Group S.A. — M&A Activity 2025
Mar 21, 2025
5732_rns_2025-03-21_43db6fdb-e792-49ba-ab95-3cad3954405e.html
M&A Activity
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The Management Board of Proguns Group S.A., headquartered in Warsaw (theIssuer), hereby announces that today the Issuer has signed a letter ofintent and commenced actions (due diligence, negotiations) aimed atagreeing on the terms of acquiring shares representing 100% of the sharecapital of BWHunt sp. z o.o., based in Kluczbork.
According to the provisions of the letter of intent, negotiations aimedat determining the conditions for the Issuer's acquisition of shares inBWHunt sp. z o.o. are expected to conclude by April 30, 2025.
The Issuer notes that BWHunt sp. z o.o. operates in the trade offirearms, ammunition, and shooting and hunting accessories through aphysical store located at 92-118 Łódź, ul. Brzezińska 88.
In the Issuer's view, the potential acquisition of BWHunt sp. z o.o.aligns with the Issuer's strategy, as previously communicated in currentESPI report No. 18/2024 dated October 22, 2024, which focuses onbuilding a nationwide network of physical stores specializing infirearms and military accessories.