The works finalization on the M FOOD S.A. project

Previously, on 8 October 2014, on NewConnect were introduced to trading 48 million shares of the company D1 M Development SA (now M Food SA) with a nominal value of 0.20 zł each.

INC SA was Authorised Adviser for M Development SA. The introduction to trading was one of the acquisition stages by M Development SA of 100% shares Corpo Sp. z o.o. S.K.A. for the amount of 80.64 mln zł. Corpo Sp. z o.o. S.K.A operates in the food market. The company’s main activity is trade in food in the field of marketing of honey and apiculture products. Corpo buys products directly from the manufacturers and suppliers from Poland and foreign countries, and then sells them to distributors and companies that use honey and apiculture products in the production process throughout the world. In 2013 the company generated 100 million in sales revenue reached a net profit of 9.1 million zł.

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