SCR-Sibelco N.V. (ENXTBR:094426466) agreed to acquire Krynicki Recykling Spólka Akcyjna (WSE:KRC) for PLN 400 million from ADAM KRYNICKI and others on March 23, 2022. The tender offer will be effective if existing shareholders submit subscriptions to sell at least 51% of the shares, i.e., 8,856,558 shares, and also upon Sibelco's obtaining the relevant approval of the president of the Polish Office of Competition and Consumer Protection ("UOKiK"). Subscriptions to sell shares in the tender offer will be accepted from 12 April through 11 May 2022. Wojciech Polz, Pawel Puacz, and Piotr Bogdanowicz of Clifford Chance advised Sibelco. Lazard and Santander acted as financial advisors of Sibelco. As of May 4, 2022, subscriptions to sell shares in the tender offer has been extended to May 25, 2022. Lazard Ltd and Santander Investment, S.A. acted as financial advisor and Clifford Chance LLP acted as legal advisor to SCR-Sibelco N.V.

SCR-Sibelco N.V. (ENXTBR:094426466) completed the acquisition of a 93.80% stake in Krynicki Recykling Spólka Akcyjna (WSE:KRC) for approximately PLN 370 million on May 30, 2022.