Changes in the organisation of the Budimex Group

GRI: [ 102-10 ]

On 2 January 2019, Budimex A Sp. z o.o. and Budimex PPP SA companies (not included in the consolidation because of the lack of operating activities) signed the agreement for the disposal of all rights and obligations related to the participation, respectively, in Budimex SA Energetyka 2 s.j. and Budimex SA Energetyka 3 s.j. companies to Budimex Budownictwo Sp. z o.o. (included in consolidation).
On 3 July 2019, Budimex SA purchased from Ferrovial Services International SE 51% of shares in FBSerwis SA and thus acquired the control over the company and its subsidiaries.
On 13 August 2019, the shareholders of Budimex SA Energetyka 1 Sp. j. and Budimex SA Energetyka 2 Sp.j. resolved to liquidate the companies without conducting liquidation proceedings. Budimex SA Energetyka 1 Sp.j. was removed from the National Court Register on 25 September 2019, while Budimex SA Energetyka 2 Sp.j. on 9 October 2019.
On 20 September 2019, the shareholders of Budimex SA Budimex Budownictwo Sp. z o.o. s.c. adopted a resolution on dissolving the company due to the achievement of the economic objective for which the company was established.

At the same time, there were no changes in the management principles of the Budimex Group in 2019.