PBG Spolka Akcyjna signed a preliminary agreement to acquire remaining 75% stake in PBG Oil & Gas Sp. z o.o. from Jerzy Wisniewski for PLN 10.5 million.

PBG SA w restrukturyzacji, formerly known as PBG SA is Poland-based company engaged in the construction and engineering industry. The Company provides contracting services for natural gas, crude oil, and fuel facilities. It acts as a general contractor, consortium member, or sub-contractor with respect to engineering design work, construction, repairs, operation, and maintenance in the field of production of natural gas and crude oil, transmission of natural gas and crude oil, storage of natural gas and fuels. Through RAFAKO, the Company produces boilers and environmental protection equipment for the power sector in Europe. In addition, through PBG Erigo, PBG Dom and PBG ERIGO, the Company serves as a land bank and real estate operator, as well as provides a complete range of services for commercial and residential projects.