BioMaxima Spolka Akcyjna signed a preliminary agreement to acquire CEBO Sp. z o.o. from Benedykt Cebo and Elwira Cebo for PLN 0.38 million.

BioMaxima Spolka Akcyjna (WSE:BMX) signed a preliminary agreement to acquire CEBO Sp. z o.o. from Benedykt Cebo and Elwira Cebo for PLN 0.38 million on September 25, 2013. As part of the deal, BioMaxima will repay an existing loan.

BioMaxima will pay for the acquisition form its own resources. The final agreement is to be signed by October 31, 2013. The merger plan was signed on December 21, 2013.

In the first half of 2013 Cebo generated sales revenues of PLN 1.8 million and EBITDA of PLN 0.14 million. As of October 31, 2013, the deadline to sign a final agreement for the acquisition has been shifted to mid-November 2013.