GESSEL supported Raya group in another transaction within which it purchased an additional shares in Makarony Polskie S.A., listed on the WSE. This investment will enable the Raya group to further develop its investment portfolio in Poland.

GESSEL’s input included drafting and negotiation of the transaction documents, notification of the transaction under the foreign investment control law, and representation of the Client in the proceeding before the President of UOKiK.

Our project team was led by Karol Sokół, partner and included associates Jędrzej Besztak and Dominik Kaszuba. Michał Wieliński, senior associate was responsible for the regulatory aspects of the capital market. Karolina Krzal-Kwiatkowska, managing associate advised on issues related to the Investment Control Act. Tax issues were handled by Inarda Bielińska, of counsel and Michał Brągiel, senior associate.

Raya Holding operates in the fields of information technology, data center outsourcing, contact centers, smart buildings, consumer electronics, food and beverage, land transport, and e-payments. Raya Holding shares have been listed in the Egyptian Exchange (EGX) since 2005; the Raya group employes more than 11,000 proficient employees, accommodating a wide international customer base from offices based in Egypt, Saudi Arabia, UAE, Poland, and Nigeria.

Makarony Polskie S.A. is one of the largest and most dynamically developing pasta producers in Poland. Its offer includes pasta in various forms, also attuned to the trend for healthy food. The company's products can be found at the largest retail chains and hypermarkets in Poland.