Nacala Worldwide AG signed an agreement to acquire 92.41% stake in EEII AG (SWX:EEII) from Gehold SA on July 31, 2020. Post-completion, Gehold SA will not hold any stake in EEII AG. The transaction is subject to various mutual agreements which is expected to be finalized within 6 to 12 weeks. As announced on November 13, 2020, the closing of the transaction has been postponed, but is expected to be closed not later than November 20, 2020. As announced on April 6, 2021, the transaction has been postponed mainly due to delays caused by the Covid 19 pandemic and will be closed on or before September 17, 2021. Nacala Worldwide AG cancelled the acquisition of 92.41% stake in EEII AG (SWX:EEII) from Gehold SA on September 21, 2021. The transaction was terminated as Nacala Worldwide AG did not timely pay the purchase price to Gehold SA.