Damf Inwestycje S.A. (WSE:DIN) agreed to acquire Elkop SE (WSE:EKP) for PLN 6.2 million in a reverse merger transaction on April 30, 2020. Under the terms of the transaction, each shareholder of Damf Inwestycje S.A. will be allocated eight shares of the new ELKOP SE issue for each share held. As part of the transaction, Damf Inwestycje's shareholders will become shareholders of ELKOP SE.

The transaction is subject to relevant resolutions by the General Meetings of both Companies participating in the transaction.