Gemini Grupe UAD signed a letter of intent to acquire CENOS Sp. z o.o. from Pamapol Spolka Akcyjna (WSE:PMP) for PLN 30 million on July 24, 2012. CENOS Sp. z o.o. reported revenue of PLN 184 million last year. The transaction is subject to approval of the Polish competition authority. As of October 3, 2012, transaction was approved by Polish competition authority. Navigator Capital S.A. acted as financial advisor to Pamapol Spolka.