Arca Investments, a.s. agreed to acquire 61.37% stake in Wiener Privatbank SE (WBAG:WPB) from Kerbler Holding Gmbh, Kowar KEG, K5 Beteiligungs GmbH, Sonne Privatstiftung, J.K. Beteiligungs GmbH, Guenter Kerbler and Johann Kowar for €30.7 million on September 11, 2017. As part of the deal, Arca will acquire 61.4% stake in Wiener Privatbank at a price of €10 per share. Post transaction, The Wiener Privatbank’s headquarters will remain in Vienna. The deal is subject to regulatory consents such as approval or non-prohibition of the transaction by the competent competition authorities and the approval or non-prohibition by the Austrian Financial Market Authority (FMA). FMA rejected the application for the acquisition. The deal is expected to close in June 2018. Peter Huber, Oliver Werner, Dieter Zandler, Lisa Oberlechner, Lena Winkler and Ulrich Weinstich of CMS Vienna acted as legal advisors for Arca Investments, a.s. Christoph Diregger and Ulrich Edelmann of DSC Doralt Seist Csoklich Rechtsanwälte GmbH acted as legal advisors for Guenter Kerbler and Johann Kowar. Under this Transaction, Number of shares sought are 3,071,168. Krupa Global Investments (formerly known as Arca Investments a.s.) cancelled the acquisition of a 61.37% stake in Wiener Privatbank SE (WBAG:WPB) from Kerbler Holding Gmbh, Kowar KEG, K5 Beteiligungs GmbH, Sonne Privatstiftung, J.K. Beteiligungs GmbH, Guenter Kerbler and Johann Kowar on October 24, 2018.