Qumak S.A. signed a letter of intent to acquire it Works S.A. from EUVIC Sp. z o.o. for PLN 220 million.

Qumak S.A. (WSE:QMK) signed a letter of intent to acquire it Works S.A. from EUVIC Sp. z o.o. for PLN 220 million on December 5, 2017. The purchase consideration will be in the form of Qumak's series N shares. The deal is expected to close by March 31, 2018.