Famur S.A. made an offer to acquire the remaining 26.77% stake in Primetech S.A. for PLN 6.1 million.

Famur S.A. (WSE:FMF) made an offer to acquire the remaining 26.77% stake in Primetech S.A. (WSE:PTH) for PLN 6.1 million on July 22, 2020. The offer per share is PLN 1.45. Under the terms, Famur S.A. will acquire 4.17 million shares of Primetech.

Post completion, the stake of Famur in Primetech will increase to 100% and Primetech will be delisted. Famur will carry out squeeze out of Primetech's shares if reaches at least 95% stake in Primetech. The registration period will run from August 11, 2020 to September 9, 2020.

The transaction is expected to close on September 14, 2020.