Synthos S.A. (WSE:SNS) signed an agreement to acquire 76% stake in Yarrowia Lipolytica and ethyl esters project from Skotan SA (WSE:SKT) for PLN 12.5 million on April 20, 2016. Under the terms of the agreement, Synthos will have a call option to acquire the remaining 24% stake in the projects. Synthos S.A. (WSE:SNS) cancelled the acquisition of 76% stake in Yarrowia Lipolytica and ethyl esters project from Skotan SA (WSE:SKT) on September 23, 2016. The deal was cancelled due to the fact that not all conditions of the agreement were fulfilled in time as the process of obtaining approvals for the completion of transaction from the financing institutions was prolonged.