Gobarto S.A. (WSE:GOB) entered into conditional binding agreement to acquire JAMA Sp. z o.o. from Marek Piotr Piekaj for PLN 12 million on April 27, 2017. Under the terms of the agreement, of the total consideration PLN 4 million would be retained by Gobarto on the basis of the unaudited pro forma financial statements of JAMA. Payment to the Seller of the retained Amount will be made after the end of three consecutive financial years after the closing date, provided that the Marek Piotr Piekaj meets the satisfactory financial results determined in the agreement and after 6 years provided that the Gobarto makes no claims arising out of the agreement. The transaction is subject to obtaining the consent of the Chairman of the Office of Competition and Consumer Protection (OCCP), satisfactory results of the Gobarto's examination which will in particular confirm the compliance of the key assumptions of the transaction with the actual situation and the legal status, no preemptive rights of the Agricultural Property Agency in relation to the shares of JAMA. The Chairperson of the Office of Competition and Consumer Protection approved the transaction on July 31, 2017. The disposition agreement is to be concluded no later than on 31 December 2017. Gobarto S.A. (WSE:GOB) completed the acquisition of JAMA Sp. z o.o. from Marek Piotr Piekaj for PLN 9.5 million on November 2, 2017.