Karen to have new owner

2010-06-23

The computer and IT solutions retailer Komputronik signed a letter of intent with an American investor, which intends to take control over Karen. The latter is a computer hardware and electronics retailer and Komputronik holds a 57% stake in it. In accordance with the agreement, Komputronik will increase the subsidiary capital and the new shares will be bought by the investor for around PLN 250m (€62m).
Moreover, Komputronik will acquire the stores belonging to Karen, for the price assigned by the auditor.
In addition, the new investor has committed itself to acquire the PLN 10m (€2.5m) liabilities of Techmex, a company that belongs to Komputronik.