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.