The Management Board of Inter Cars S.A. reports that on April 6th 2011 it received documents confirming that CLEVERLOG -AUTOTEILE GmbH, a limited liability company of Reinbek, Germany, was registered with the District Court of Lübeck. The documents were provided by the attorney-in-fact acting on behalf of the Company in Germany. The share capital of the newly established company amounts to EUR 25,000.00 (twenty-five thousand euros). Inter Cars S.A acquired 90% of shares in the subsidiary and became its majority shareholder. The shares were fully paid up in cash.
The new company's business activities will consist in trade in various goods, in particular accessories and spare parts for motor vehicles, as well as provision of related consultancy services. It is the first subsidiary of Inter Cars S.A. with business activities focused exclusively on the e-commerce segment.
Acquisition of the financial assets is financed with Company's own funds and treated as a long-term investment.
Art. 56.1.2 of the Public Offering Act – current and periodic information
- Piotr Kraska - Member of the Management Board
- Paweł Pietrzak - Plenipotentiary