CCC S.A. (WSE:CCC) offered to acquire Gino Rossi S.A. (WSE:GRI) from FRM 4E Capital Spolka z Ograniczona Odpowiedzialnoscia, Forum XXIII Fundusz Inwestycyjny Zamkniety and Forum X Fundusz Inwestycyjny Zamkniety, managed by Forum Towarzystwo Funduszy Inwestycyjnych S.A., Krzysztof Bajolek and others for PLN 27.7 million on December 7, 2018. CCC S.A. is acting via Powszechna Kasa Oszczednosci Bank Polski S.A. Oddzial – Dom Maklerski PKO Banku Polskiego on the transaction. Under the offer, CCC S.A. will acquire 50.33 million shares of Gino Rossi S.A. at PLN 0.55 per share. CCC will seek to squeeze out minority shareholders and delist Gino Rossi if it exceeds 90% in the firm as a result of the tender offer. Pursuant to the offer, CCC S.A. entered into an agreement with FRM 4E Capital Spolka z Ograniczona Odpowiedzialnoscia and Forum XXIII Fundusz Inwestycyjny Zamkniety, together holding 20.53% stake in Gino Rossi S.A., Krzysztof Bajolek holding 0.14% stake and FORUM X Fundusz Inwestycyjny Zamkniety, holding 9.48% stake, whereby they agreed to subscribe to the tender offer for the stakes held by them in Gino Rossi S.A. and to transfer receivables under promissory notes with a total nominal value of PLN 5.28 million. CCC S.A. also entered into a conditional sale agreement with Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna whereby CCC S.A. shall acquire all cash receivables (whether due now or in future) of Gino Rossi S.A. under the loan agreements between Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna and Gino Rossi S.A. in a total amount of PLN 70 million. The offer is subject to the placing of subscriptions under the tender offer for the sale of at least 33.2 million shares, that is, at least 66% of the total number of shares of Gino Rossi S.A., approval from the President of the Competition and Consumer Protection Office, execution of an organizational agreement, the execution of agreements by Gino Rossi S.A. with all the creditors of Gino Rossi S.A., whose total amount of claims concerning Gino Rossi S.A.’s liabilities as at the date of the tender offer exceeds PLN 0.1 million per creditor, on a 50% reduction of such liabilities as a result of a partial redemption thereof and in the event of Management Board of Gino Rossi S.A. adopting a decision on an increase of the share capital of Gino Rossi S.A., the adoption of a Supervisory Board resolution refusing to consent to the share capital increase within the authorized capital. The tender offer will remain open from January 2, 2019 to January 31, 2019. As of January 31, 2019, Gino Rossi has concluded organizational agreement with CCC Sa, Ccc.Eu Sp. Z O.O., and Gr Trade Mark Sp. Z O.O. on strategic cooperation. As of January 31, 2019, CCC extended the tender offer to February 15, 2019 as it still awaits consent for the transaction from country's antitrust watchdog UOKiK. As of February 15, 2019, the approval from the antitrust authorities was obtained. Daniel Kaczorowski, Andrzej Wysokinski, Aleksander Janiszewski, Pawel Jaskiewicz, Agata Izyk and Majka Rucinska of Greenberg Traurig Grzesiak sp.k. acted as legal advisors for CCC. CCC S.A. (WSE:CCC) completed the acquisition of 66.2% stake in Gino Rossi S.A. (WSE:GRI) from FRM 4E Capital Spolka z Ograniczona Odpowiedzialnoscia, Forum XXIII Fundusz Inwestycyjny Zamkniety and Forum X Fundusz Inwestycyjny Zamkniety, managed by Forum Towarzystwo Funduszy Inwestycyjnych S.A., Krzysztof Bajolek and others on February 15, 2019. According to tender document, 33.3 milliom of Gino Rossi shares have been acquired under CCC’s tender offer. CCC S.A. has completed the compulsory acquisition of the remaining 9.98% shares of Gino Rossi through a short form merger on July 12, 2019. The forced buyout was announced on July 9, 2019 and the remaining 17.05 million shares were acquired. CCC has already announced that in the case of a concentration of over 90%. Gino Rossi intends to buy the remaining shareholders and "take off" the company's shares from the stock exchange.