Waterland Private Equity Investments BV offered to acquire 66% stake in Kredyt Inkaso S.A. (WSE:KRI) from Aviva Investors Poland SA and others for approximately PLN 190 million on July 26, 2016. WPEF VI V Holding B.V. has made the tender offer to acquire 8.53 million shares of Kredyt Inkaso S.A. for PLN 22 per share in the first subscription period and for PLN 20 per share in the second period. WPEF VI V Holding B.V. has applied to UOKiK, seeking approval for the transaction. As on August 4, 2016, the management Board of Kredyt Inkaso gives opinion that tender price of PLN 22 per share in the first subscription period reflects fair value of Kredyt Inkaso but the PLN 20 per share in the second period does not reflect fair value of Kredyt Inkaso. As announced on August 16, 2016, the offer price was increased to PLN 25 per share for the first subscription period. WPEF VI V Holding B.V. will now acquire 66% stake in Kredyt Inkaso S.A. (WSE:KRI) for approximately PLN 210 million. The first subscription period is August 16, 2016 to August 23, 2016. The second subscription period is August 24, 2016 to August 29, 2016 and the offer price is unchanged at PLN 20 per share.