Amos Luzon Development and Energy Group Ltd (TASE:LUZN) made an offer to acquire an additional 32.98% stake in Ronson Development SE (WSE:RON) for PLN 97.4 million on May 26, 2021. The consideration comprises of an acquisition of approximately 54 million shares of Ronson at PLN 1.8 per share. Currently, Amos Luzon and its subsidiary I.T.R. Dori B.V own 67.02% of Ronson and following the completion of the transaction, Amos Luzon and I.T.R. Dori B.V will own 100% of Ronson.

Ronson will be delisted following the completion of the transaction. The offer will commence on May 31, 2021 and expire on June 9, 2021.