Founders and management of Prohuman 2004 Labor Force Service Providing and Consulting LLC agreed to acquire remaining 80.22% stake in Prohuman 2004 Labor Force Service Providing and Consulting LLC from Gi Group Poland S.A. (WSE:GIG) for €40 million in an management buyout transaction on December 21, 2021. Prohuman had consolidated revenue of €163 million in 2020. The purchase price for the stake was PLN 147.5 million (€32.5 million), which gives the founders full ownership of the business. In addition to the payment of the purchase price, the founders are also assuming the obligation to repay to Prohuman the total amount (consisting of principal and any accrued but unpaid interest) of various loans made in previous years by Prohuman to Gi Group Poland. As of today, the total principal outstanding under the Gi Group Poland Loan amounted to HUF 2.97 billion (€7.318039 million). The transaction could close early in 2022, pending regulatory approval. Prohuman had consolidated revenue of €163 million in 2020. MJH Moskwa, Jarmul, Haladyj acted as legal advisor for Gi Group Poland S.A.

Founders of Prohuman 2004 Labor Force Service Providing and Consulting LLC completed the acquisition of 80.22% stake in Prohuman 2004 Labor Force Service Providing and Consulting LLC from Gi Group Poland S.A. (WSE:GIG) on January 20, 2022.