Fabryka Farb i Lakierów Sniezka SA (WSE:SKA) agreed to acquire 80% stake in Poli-Farbe Vegyipari Korlatolt Felelossegu Tarsasag from Lampo Kft. for approximately PLN 120 million on February 11, 2019. As part of consideration, Fabryka Farb will pay PLN 108 million. The final price may increase by up to PLN 13.5 million, depending on the size of subsidies obtained by Poli-Farbe in the past and on the Poli-Farbe’s 2018 EBITDA result. Poli-Farbe's Hungarian owners will retain a 20% stake in Poli-Farbe. Sniezka SA has an option to acquire the remaining 20% stake in Poli-Farbe. Poli-Farbe had revenues of HUF 12.5 billion (PLN 166.25 million) in 2018. As of April 30, 2019, Fabryka Farb i Lakierów Sniezka SA estimates final price for the acquisition of 80% stake in Poli-Farbe Vegyipari Korlatolt Felelossegu Tarsasag at approximately PLN 106.6 million. The headcount at Poli-Farbe's production base in Bocsa will remain unchanged at 265. The transaction is expected to close by April 30, 2019. Gabor Spitz, Gabor Molnar, Akos Becher, Helga Feher, Istvan Szatmary and Imre Beres of DLA Piper acted as financial advisors to POLI-FARBE Vegyipari Kft. Fabryka Farb i Lakierów Sniezka SA (WSE:SKA) completed the acquisition of 80% stake in Poli-Farbe Vegyipari Korlatolt Felelossegu Tarsasag from Lampo Kft. on May 15, 2019.