Eff B.V. and TESLA Recycling Sp. z o.o. S.K.A. made an offer to acquire remaining 8.2% stake in Elemental Holding S.A. (WSE:EMT) for PLN 33.8 million on August 27, 2020. Eff B.V. and TESLA Recycling Sp. z o.o. S.K.A. will acquire 14 million shares for PLN 2.42 per share. Shareholders have agreed to launch Squeeze out if required. Shareholders have also voted to delist the company in EGM meeting. Tender offer will commence from September 21, 2020 and will end on October 21, 2020. The intermediary in the tender offer is mBank. Eff B.V. and TESLA Recycling Sp. z o.o. S.K.A. completed the acquisition of an additional 2.8% stake in Elemental Holding S.A. (WSE:EMT) for PLN 11.5 million on October 26, 2020. During the period, Eff B.V. and TESLA Recycling Sp. z o.o. S.K.A. acquired 2.52 million and 2.23 million shares respectively.