Baker McKenzie has advised Echo Investment Group companies Grupa Archicom, Echo Investment, and DKR Echo Investment on offering 10 million new shares in Archicom and DKR's sale of 6.1 million existing shares. The PLN 220 million transaction was managed by the PKO BP Brokerage Office.
The Archicom Group is a Polish property developer and a subsidiary of Echo Investment. Both companies are listed on the Warsaw Stock Exchange. DKR Echo Investment is a direct shareholder of Archicom and a wholly-owned subsidiary of Echo Investment.
The Baker McKenzie team was led by Partner Marcin Chylinski and included Counsel Katarzyna Grodziewicz, Associate Marta Rykalovska, and Lawyer Kajetan Huruk.
Editor's Note: On October 30, 2023, Rymarz Zdort Maruta announced it had advised Biuro Maklerskie PKO BP on handling the issuance and sale. According to the firm, "the proceeds from the sale of the existing shares were reinvested in non-floating new issue shares [...] Archicom will primarily use the proceeds to intensify its activities in the area of land acquisition for further investments."
The Rymarz Zdort Maruta team included Partner Filip Lesniak, Senior Associate Karolina Klos, and Associate Piotr Slawek.