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Polska Grupa Zbrojeniowa to acquire Stocznia Marynarki Wojennej. Preliminary agreement regarding purchase of the enterprise signed.

29.05.2017

On 26 May this year PGZ Stocznia Wojenna Sp. z o.o. and the Official Receiver of Stocznia Marynarki Wojennej S.A. (Naval Shipyard) in liquidation bankruptcy signed a preliminary agreement regarding the purchase of Stocznia Marynarki Wojennej S.A. in liquidation bankruptcy. It is a further step towards including Stocznia Marynarki Wojennej in the structure of Polska Grupa Zbrojeniowa.

Before it was signed, the preliminary agreement regarding the purchase of Stocznia Marynarki Wojennej S.A. in liquidation bankruptcy had been acknowledged in the presence of the Magistrate  in Bankruptcy supervising the proceedings.   Entering into the agreement is a key moment in the process of including Stocznia Marynarki Wojennej S.A. in the structure of Polska Grupa Zbrojeniowa.  This means the launch of a formal procedure to obtain necessary permits from various bodies and institutions, namely the Ministry of National Defence (Ministerstwo Obrony Narodowej), the Ministry of Marine Economy and Inland Waterways (Ministerstwo Gospodarki Morskiej i Żeglugi Śródlądowej), the City of Gdynia, and the Management Board of Morski Port Gdynia S.A.

The ownership title to the enterprise and the enterprise itself will be transferred to PGZ Stocznia Wojenna Sp. z o.o., being a member of Polska Grupa Zbrojeniowa, after the conditions referred to in the agreement are met, which, as presumed by the Parties, may take about three months.

Entering into the preliminary agreement regarding the purchase of Stocznia Marynarki Wojennej S.A. will also make it possible for the purchaser, i.e. for PGZ Stocznia Wojenna Sp. z o.o., to perform due diligence within the scope of technical, financial and legal matters, which will determine activities connected with performance of the transaction.Acquired shipyard assets will be of utmost importance for key defence and economic projects of the Republic of Poland, i.e. for the operational program called “Zwalczanie zagrożeń na morzu” (“Combating Threats at Sea) included in Plan Modernizacji Technicznej Sił Zbrojnych RP (Plan for Technical Modernization of Armed Forces of the Republic of Poland) and for “Batory” development program included in Plan na Rzecz Odpowiedzialnego Rozwoju (Plan for Sustainable Development).

Stocznia Marynarki Wojennej S.A. in liquidation bankruptcy constructs and repairs Polish Navy ships and other civilian vessels.The area owned by Stocznia Marynarki Wojennej S.A. adapted to produce ships covers the total surface of 325,344 m2. The most important elements of industrial infrastructure, being also the key assets of Stocznia Marynarki Wojennej S.A., include a floating dock, a ship lift, and specialized shipbuilding stations.

***

The Polska Grupa Zbrojeniowa (PGZ) is a leader of the Polish industry and one of the largest defence concerns in Europe. It concentrates over 60 companies (fields: defence, shipyards, new technologies), reaching annual revenues at PLN 5 billion. The use of the potential for polonisation of technology, close cooperation with Polish science and the emphasis on the R&D process, the PGZ offers innovative products for security enhancement. The PGZ offers i.a. very short range air defence systems with the POPRAD system and the SOŁA radar; the GROM mobile air defence system; the E-310 unmanned aerial vehicle system; the ROSOMAK wheeled armoured vehicle; KRAB artillery system with a self-propelled howitzer; individual soldier's outfit with BERYL carbines. The PGZ is also competent in designing, construction and providing equipment for ships. Moreover, the PGZ provides modernisation and servicing of vehicle, aircrafts, helicopters, ships (also the equipment of former USSR). In the coming years the PGZ will develop space and satellite technologies as well as cyber technologies.

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Spokesman of PGZ S.A.

rzecznik@pgzsa.pl

ul. Nowy Świat 4a 
00-497 Warszawa



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