The name of the potential buyer has not been disclosed; it has only been said that it was a company from London selling products under three trademarks, including underwear. Branka Neffat, President of the supervisory board of Polzela, explained that it was agreed the name would not be disclosed before signing the contract.
According to Neffat, the owner of the company who submitted the offer owns 23 factories altogether, six of which are located in Europe, which produce annual revenue of one billion euro.
The company submitted a binding letter of intent, and is currently conducting due diligence which should be completed in 14 days. At that time should be known also the decision of the banks which are studying the offer, and on the initiative of which Polzela is looking for a strategic partner.