Stanislaw Bienkowski, founder and President of Stelmet S.A, launched a tender offer to acquire the remaining 99.05% stake in Stelmet S.A. (WSE:STL) from Rainbow Fund 2 FIZ managed by Copernicus Capital Towarzystwo Funduszy Inwestycyjnych S.A. and others for approximately PLN 230 million on September 12, 2019. Pursuant to the terms of the tender offer, Stanislaw Bienkowski would acquire around 29.11 million Stelmet shares for PLN 7.74 per share. As a result of the acquisition, stake held by Stanislaw Bienkowski will increase to 100% in Stelmet S.A. The offer period will last from October 2, 2019 till October 31, 2019. Stanislaw Bienkowski, founder and President of Stelmet S.A, completed the acquisition of an additional 82% stake in Stelmet S.A. (WSE:STL) from Rainbow Fund 2 FIZ managed by Copernicus Capital Towarzystwo Funduszy Inwestycyjnych S.A. and others for approximately PLN 190 million on October 31, 2019.