Duke I S.à r.l entered into an agreement to acquire a 83.14% stake in AS Valmieras stikla skiedra (MUN:W2R) from its majority shareholders on October 28, 2020. The transaction is subject to contingent conditions precedent including the completion of dissolution of the subsidiary entities of the AS Valmieras in the US, certain consents by creditors of the AS Valmieras as well as the approval of Bundeskartellamt, the German Competition Authority. As on 3 December, 2020, AS Valmieras stikla skiedra delivers the amendments to the plan to its creditors for the approval to be provided until December 18, 2020. As on January 7, 2021, Vidzemes District Court has adopted a decision approving the amendments to the legal protection proceeding plan. The approval of the Amendments to the Plan will not affect the fulfilment of the Company's existing obligations to unsecured creditors. Duke I S.à r.l completed the acquisition of 83.14% stake in AS Valmieras stikla skiedra (MUN:W2R) from its majority shareholders for €10.9 million on February 18, 2021. As part of the transaction, Duke purchased 19.9 million shares of AS Valmieras stikla skiedra at €0.5483 per share. Now, Duke, P-D Management Industries Technologies and others holds 83.14%, 10.5% and 6.36% stakes in Valmieras stikla skiedra, respectively. The transaction also includes the transfer of Danske Bank A/S claim against AS VALMIERAS STIKLA ŠKIEDRA.