• 10 /02 2014

    Equity issuance success – Abbey House scoops PLN 20 million


    The company is being acquired by the international investment company, in order to become the global leader of media market associated with art. It opens its headquarters in New York.

    Next Media Group Ltd (NMG), an international investment company, acquired control over Abbey House Group S.A., a Poland-based art market company, for PLN 19,2 million. It’s one of the biggest transactions on the NewConnect Market. Having the diversified international shareholder structure (Redline Capital Management, a Luxembourg-based investment fund, acquired a block of shares in October 2013), the Polish Company intends to become one of the major players on the global market of media and art related services by making further acquisitions. The Company intends to open its second, after Warsaw, headquarters in New York, which will be supervised by the newly appointed Member of the Board. Due to the Company’s preparation for further expansion, the Supervisory Board undergoes personnel changes, and the Management Board is being extended.

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