Monnari Trade S.A. (WSE:MON) made a binding offer to acquire Simple Creative Products S.A. from Gino Rossi S.A. (WSE:GRI) for PLN 12 million on October 5, 2018. The purchase price will be subject to adjustments to determine the final price for: (1) changes in net debt and net current capital in relation to their reference levels, as well as (2) loss of sales locations by Simple within 5 months after the date closing the transaction in accordance with the mechanism set out. The condition of the transaction is, among others conclusion of an agreement with Bank PKO BP regarding the principles of further financing of Simple Creative Products. Based on the framework conditions for future financing, Simple Creative Products Monnari Trade confirmed the initial acceptance of the conditions presented, with the assumption that the PKO BP Bank will accept collateral.