Cedrob S.A. made an offer to acquire remaining 34.2% stake in Gobarto S.A. (WSE:GOB) from PZU Fundusz Inwestycyjny Otwarty Parasolowy - PZU Akcji Malych i Srednich Spólek, PZU Specjalistyczny Fundusz Inwestycyjny Otwarty Universum, Pzu Fundusz Inwestycyjny Zamkniety Akcji Focus and PZU Dluzny Rynkow Wschodzacych funds of Towarzystwo Funduszy Inwestycyjnych PZU SA for PLN 63.7 million on November 9, 2016. Cedrob announced a tender for 9.5 million of Gobarto shares set at PLN 6.7 per share. The subscription period for share acquisition starts on November 30, 2016 and ends on January 16, 2017. Shares will be acquired for PLN 6.7 until December 16, 2016 and then until January 16 they will be purchased for PLN 6.15. If Cedrob buys at least 90% of Gobarto shares, it plans to undertake a mandatory squeeze-out to acquire the rest. Post transaction, Gobarto's shares will be delisted from trade on the Warsaw Stock Exchange. Ipopema Securities acted as an intermediary in the transaction. As on December 16, 2016, Cedrob changes the price to PLN 6.15 from PLN 6.7 per share. As of January 23, 2017, Cedrob S.A. acquired 4.72 million shares accounting to 16.98% shares of Gobarto S.A. (WSE:GOB) for a purchase price of PLN 7.25 per share. Cedrob gave up on the plan to withdraw the company's shares from trading on the Warsaw Stock Exchange. Cedrob S.A. cancelled the offer to acquire remaining 34.2% stake in Gobarto S.A. (WSE:GOB) from PZU Fundusz Inwestycyjny Otwarty Parasolowy - PZU Akcji Malych i Srednich Spólek, PZU Specjalistyczny Fundusz Inwestycyjny Otwarty Universum, Pzu Fundusz Inwestycyjny Zamkniety Akcji Focus and PZU Dluzny Rynkow Wschodzacych funds of Towarzystwo Funduszy Inwestycyjnych PZU SA on November 9, 2017