Grupa Kapitalowa IMMOBILE S.A. (WSE:GKI) made a tender offer to acquire additional 0.3% stake in Projprzem S.A. (WSE:PJP) for PLN 0.14 million on September 2, 2016. Under the terms of the offer, GKI will pay PLN 8.5 per share and increase its stake to 33% from 32.7% in PJP. As of September 27, 2016, the offer price has been increased to PLN 15 per share. As a result of the deal, GKI will own 2.5 million shares of PJP. The management of PJP says tender price of PLN 15 per share proposed by GKI is below fair value and lower than book value. Subscription period will run until October 5, 2016.

Grupa Kapitalowa IMMOBILE S.A. (WSE:GKI) cancelled the acquisition of additional 0.3% stake in Projprzem S.A. (WSE:PJP) on September 2, 2017.