CCC S.A. (WSE:CCC) signed a term sheet agreement to acquire 19.59% stake in HR Group Holding S.à r.l from FLO Magazacilik ve Pazarlama A.S. for €11.3 million on November 8, 2018. On November 24, 2018, CCC S.A. entered into a share purchase agreement for the acquisition. CCC S.A. will acquire 290 million ordinary shares of HR Group with the nominal value of €0.01 each, representing 18.32% of the share capital of HR Group and 20 million preferred shares in HR Group with the nominal value of €0.01 each, representing 1.27% of the share capital of HR Group; in aggregate 310 million shares representing 19.59% of the share capital of HR Group. The final purchase price also will depend on the final transaction closing date. The conversion of these shares will be carried out by way of redemption to the CCC S.A.'s receivables towards HR Group arising out of the shareholder loan agreement concluded on the closing date of the transaction. The amount of the loan granted under the loan agreement will correspond to the purchase price paid by CCC S.A. for the preferred shares, and will bear interest at 8% per annum. The loan agreement will be repaid no later than 10 years after the closing of the transaction. Following the conversion, CCC S.A.’s share in the share capital of HR Group will amount to 30.55%. In September 30, 2018, HR Group reported a net sales €370.3 million. The deal is subject to clearance from the competent antimonopoly authorities in Germany and Austria. CCC S.A. (WSE:CCC) completed the acquisition of 19.59% stake in HR Group Holding S.à r.l from FLO Magazacilik ve Pazarlama A.S. on November 8, 2018. On January 29, 2019, CCC S.A. has obtained the approval from the competent antimonopoly authorities in Germany and Austria.