Elemental Holding S.A. (WSE:EMT) signed a deal to acquire remaining 49% stake in Elemental Resource Management Limited on April 6, 2020. Elemental Holding will acquire Shares in ERM after fulfilling the conditions specified in the agreement, as well as establishing the method of settling the price for the purchased shares satisfactory for both parties to the agreement. The price for the acquired shares will be determined in relation to the value of the Elemental Resource Management enterprise, which will be determined as seven times EBITDA for 2020 and reduced by Elemental Resource Management net debt. The Parties provided that the price may be paid by transferring shares of Elemental Holding or potential claims to the seller. Post the transaction, Elemental Holding will hold 100% stake in Elemental Resource Management Limited. The transaction is subject to obtaining appropriate corporate approvals and is expected to close on December 31, 2020. Elemental Holding S.A. (WSE:EMT) cancelled the acquisition of 49% stake in Elemental Resource Management Limited on April 6, 2020.