CADM Automotive Sp. z o.o. signed a letter of intent to acquire 61.82% stake in DES ART Spolka z o.o. from Procad Spólka Akcyjna (WSE:PRD) on March 2, 2018. The letter of intent provides CADM Automotive Sp. z o.o. in with 3 months exclusivity in negotiations. As of November 7, 2018, Procad Spólka Akcyjna has set the consideration price for the transaction at PLN 5.9 million. Both parties plan to finalize the transaction soon.