We are pleased to announce that Rymarz Zdort Maruta represented SFS Ventures s.r.o., based in Prague, in the transfer of 11% of the shares in Eurozet sp. z o.o. to Agora S.A. The transaction was carried out after the Court of Appeal in Warsaw issued a final judgment upholding an earlier decision of the first-instance court granting unconditional consent to Agora's acquisition of control over Eurozet. As a result of the transaction, Agora's interest in Eurozet increased from 40% to 51%, while SFS Ventures' interest fell from 60% to 49%. The price of the shares amounted to EUR 9,170,000, subject to adjustment in accordance with rules agreed by the parties. The transaction was financed using a loan granted by SFS Ventures to Agora.
Prior to the acquisition of the 11% interest by Agora, the parties entered into an annex to the existing shareholders' agreement between them. This agreement, among other things, grants to Agora the right to acquire the remaining 49% stake in Eurozet held by SFS Ventures. The right can be exercised until 31 July 2025.
The transaction team consisted of Dr hab. Łukasz Gasiński (partner), Dr Adam Puchalski (counsel), Marzena Iskierka-Janota (senior associate) and Szymon Rutecki (associate). Advice on aspects related to the financing of the transaction was provided by Adrian Więsław (senior associate). Legal support in the antitrust aspects of the transaction was provided by Iwona Her (partner) and Tomasz Kordala (senior associate).