Carbo Funding Ag agreed to acquire 15% stake in Silesian Coal S.A. from HMS Bergbau AG (DB:HMU) on May 17, 2018. Under the terms of the acquisition, the purchase price is expected to be €10 per share. The sale of up to 15% of Silesian to Carbo Funding AG is subject to the success of Carbo Funding AG’s bond transaction. In the course of the transaction, mutual, differently structured tender rights of the shares were agreed between the contractual parties. HMS Bergbau AG intends to use the proceeds from the sale of the stake to finance the preparations for coal mining in Orzesze, Poland, and strengthen the company’s international trading activities. Carbo Funding Ag cancelled the acquisition of 15% stake in Silesian Coal S.A. from HMS Bergbau AG (DB:HMU) on February 6, 2019. Carbo Funding had planned to place a bond to finance the purchase of the shares in Silesian, a part of which has already been financed. After Carbo Funding AG’s unsatisfactory placement of the bond, HMS Bergbau AG has exercised its right to reverse the agreement. Under these reversal rights, all but 1.1% of the shares in Silesian Coal International Group of Companies S.A. will be repurchased by HMS Bergbau AG.