ALSO Holding AG (SWX:ALSN) and MCI. EuroVentures 1.0 FIZ managed by MCI Capital TFI SA and MCI Venture Projects Sp. z o. o. signed a framework agreement to acquire 37.1% stake in ABC Data S.A. (WSE:ABC) for PLN 60.5 million on December 21, 2018. As of March 5, 2019, MCI and ALSO raised price in the tender to PLN 1.44 per share from PLN 1.3 for 46.5 million shares and now the deal value is PLN 67 million. Bidders seek to delist ABC Data if they reached over 90% in the firm. Until March 13, 2019 subscriptions for 10.9 million shares were placed, which is about 8.68% of the total number of shares in share capital of ABC Data and about 8.68% of the total number of votes at the general meeting of ABC Data. Thus, the condition of the tender offer for subscription for sale of the minimum number of Shares has come true, as the number of subscriptions under the tender offer includes at least 3.9 million shares, entitling to exercise at least 3.9 million votes at the general meeting of ABC Data, which constitutes approximately 3.15% of the total number of shares in the share capital of ABC Data and approximately 3.15% of the total number of votes at the general meeting of ABC Data.

The transaction is subject to the approval of the regulatory and antitrust authorities. As on February 6, 2019, the transaction has been approved by the shareholders of ABC Data. As of May 7, 2019, the transaction has been unconditionally approved by the antimonopoly authority in Ukraine. Certain conditions are still pending. As of June 12, 2019, the transaction has been approved by the EU Commission. As of June 14, 2019, all conditions to the acquisition were fulfilled. Subscriptions started on February 15, 2019 and will end on March 18, 2019. As of March 18, 2019, ALSO Holding and MCI Venture Capital extended subscription period in their ongoing bid to April 17, 2019. The subscription period is extended to May 13, 2019. As of May 20, 2019, tender offer period was extended to June 13, 2019. The transfer of the business to ALSO is now planned for July 1, 2019. Stanislaw Sawczyn of Rothschild acted as financial advisor to ABC Data S.A. Dariusz Harbaty, Peter Daszkowski, Karolina Stawowska, Agnieszka Nowak-Blaszczak, Joanna Wajdzik, Anna Nowodworska, Monika Gaczkowska, Damian Majda, Guenter Bauer, Jochen Anweiler, Katarina Bielikova, Janos Toth, Ileana Glodenau, Mircea Ciocirlea, Andrea Stan and Jitka Logesova of Wolf Theiss acted as legal advisor to ALSO Holding AG.