Constellation and Topicus Bolster Stake in Asseco Poland

The latest update is out from Constellation Software ( (TSE:CSU) ).

Constellation Software Inc. and Topicus.com Inc. have announced that Topicus’ subsidiary, Yukon Niebieski Kapital B.V., has agreed to purchase 12,318,863 treasury shares from Asseco Poland S.A., representing 14.84% of its share capital, at PLN 85 per share. This strategic transaction will enhance Topicus’ influence in Asseco as it follows a previous acquisition of 9.99% shares and is supported by a shareholders’ agreement with the Adam Góral Family Foundation, pending regulatory approvals.

More about Constellation Software

Constellation Software Inc. is known for acquiring, managing, and building vertical market software businesses that offer mission-critical software solutions. Topicus.com Inc., a subsidiary of Constellation, is a prominent European provider of vertical market software platforms, serving both public and private sector markets across Europe, focusing on long-term growth by acquiring and developing specialized software companies.

YTD Price Performance: 8.55%

Average Trading Volume: 29,707

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$102.1B

For detailed information about CSU stock, go to TipRanks’ Stock Analysis page.