ZAP Sznajder Batterien S.A. agreed to acquire remaining 27.11% stake in Orzel Bialy S.A. (WSE:OBL) for approximately PLN 47 million on October 7, 2019. As on October 21, 2019, the tender offer was launched for deal at PLN 10.44 per share. In a related deal, ZAP Sznajder Batterien S.A. completed the acquisition of additional 60.55% stake in Orzel Bialy S.A. from PineBridge New Europe Partners II, L.P. managed by ForeVest Capital Partners on October 7, 2019. Hence, as of October 7, 2019, pre deal, ZAP Sznajder Batterien S.A. held 72.89% stake and post completion of the deal, it will hold 100% stake in Orzel Bialy S.A. The deal got permission from Poland's anti-monopoly office for concentration on October 7, 2019. The tender offer will last from November 12, 2019 to December 11, 2019. ZAP Sznajder Batterien S.A. completed the acquisition of additional 1.2% stake in Orzel Bialy S.A. (WSE:OBL) for PLN 2.2 million on December 11, 2019. ZAP Sznajder Batterien acquired 0.21 million shares in the offer.