Grupa Kapitalowa IMMOBILE S.A. (WSE:GKI) offered to acquire 79.52% stake in Atrem S.A. (WSE:ATR) from Konrad Sniatala, Marek Korytowski and Gabriela Sniatala for PLN 20.4 million on February 11, 2019. Under the offer, Grupa Kapitalowa IMMOBILE S.A. will acquire not less than 66% stake or a total of 6.09 million shares in Atrem S.A. comprising 4.66 million registered shares and 1.44 million bearer shares and no more than a total of 7.34 million shares including 2.77 million registered shares and 4.57 million bearer shares. The purchase price is PLN 2.07 per bearer share and PLN 3.95 per registered share. As of March 15, 2019, management of Atrem agreed on sale of Company's A series shares by its shareholders. The acquisition will be funded from investment loan by Santander Bank Polska S.A. in the amount of PLN 17 million or from the payment guarantee in the amount of PLN 17 million issued by Santander Bank Polska S.A. The transaction is subject to approval by UOKiK (Office of Competition and Consumer Protection) and minimum tender of shares. ON April 9, 2019, Grupa Kapitalowa announced a change in the proposed price of bearer shares from the previous PLN 2.07 to PLN 2.32 and extended the subscription period for the sale of shares in the tender offer for Atrem to April 29, 2019.
As on April 17, 2019, the condition was met for minimum tender of ATREM SA shares. All conditions of the tender have been met. Santander Biuro Maklerskie acted for Grupa Kapitalowa IMMOBILE S.A.

Grupa Kapitalowa IMMOBILE S.A. (WSE:GKI) completed the acquisition of 66% stake in Atrem S.A. (WSE:ATR) from Konrad Sniatala, Marek Korytowski and Gabriela Sniatala for PLN 21.7 million on May 9, 2019. Under the offer, the company purchased 6,091,852 Atrem shares, including 4,655,600 registered shares, which as a result of the acquisition lost their preference and 1,436.252 ordinary bearer shares.