Krezus Spolka Akcyjna (WSE:KZS) a fund managed by PZU NFI Management Sp. z o.o., made an offer to acquire Walcownia Metali Dziedzice S.A. from Hutmen S.A., Impexmetal S.A. (WSE:IPX) and Boryszew S.A. (WSE:BRS) for PLN 160 million on January 15, 2018. Krezus Spolka Akcyjna a fund managed by PZU NFI Management Sp. z o.o., signed a letter of intent to acquire Walcownia Metali Dziedzice S.A. from Hutmen S.A., Impexmetal S.A. and Boryszew S.A. on January 18, 2018. The final price will be set after due diligence checks. Under the transaction, Hutmen S.A., Impexmetal S.A. and Boryszew S.A. will sell 71.3%, 26.78% and 1.92% stakes respectively in Walcownia Metali Dziedzice S.A. Krezus plans to pay for the transaction from an investment loan and own funds. The letter of intent is valid until May 31, 2018. As of August 20, 2018, UOKiK approved the transaction. As of August 30, 2018, it was decided to discontinue discussions regarding creation of consortium of banks to finance the purchase. The expiry date of the letter is set at December 31, 2018.

Krezus Spolka Akcyjna (WSE:KZS) a fund managed by PZU NFI Management Sp. z o.o., cancelled the acquisition of Walcownia Metali Dziedzice S.A. from Hutmen S.A., Impexmetal S.A. (WSE:IPX) and Boryszew S.A. (WSE:BRS) on December 31, 2018. The deal was cancelled as there has been no agreement on the structure, content or financing of the transaction.