“The agreement deepens the cooperation of both entities, allowing them to achieve numerous synergies that are key to strengthening their further development. Moreover, it contributes to the achievement of Neonet's financial goals by supporting the potential Polish network and this important employer,” said x-kom w message of October 9.
The x-kom company will take over Neonet. “The transaction will create a strong player”
“The agreement provides for the eventual takeover of Neonet by x-kom, after obtaining the necessary antitrust approvals, approval of the arrangement with Neonet's creditors and meeting other conditions,” the statement continued. The president of x-kom, Michał Świerczewski, added that “the acquisition transaction will create a strong player in the retail sales of computersRTV, household appliances and consumer electronics, operating in an omnichannel model, with a presence throughout Poland.
“We are convinced that acquiring an investor in the form of x-kom will enable the effective completion of the Neonet restructuring process for the benefit of the company and its employees, creditors, suppliers and, above all, our customers,” said Marek Majewski, president of the management board of Neonet.
Restructuring of Neonet. The company wanted to declare bankruptcy
Let us recall that Neonet SA submitted a application to initiate bankruptcy proceedings on November 28, 2023. Importantly, the day before, the company submitted an application to open restructuring proceedings, which was to concern the restructuring of the company.
How we informed at the beginning of June this year, the District Court in Wrocław However, it decided not to consider the application to declare Neonet's bankruptcy because it cannot be done in the period from the opening of the restructuring proceedings to its completion or final discontinuation.