ZAP Sznajder Batterien S.A. signed a conditional contract to acquire 60.55% stake in Orzel Bialy S.A. (WSE:OBL) from PineBridge New Europe Partners II, L.P. managed by ForeVest Capital Partners on March 1, 2019. Prior to the contract, PineBridge New Europe Partners held 60.55% company shares, while ZAP Sznajder Batterien had directly 12.34% action. After the effective implementation of the agreement, the PineBridge New Europe Partners will not hold any share and the stake of ZAP Sznajder Batterien will increase to 73%. Effective implementation of the agreement will take place on July 12, 2019. The transaction is subject to approval of UOKiK. UOKiK has proceeded to the second stage of the proceeding regarding the takeover. As of October 7, 2019, ZAP Sznajder Batterien S.A. received the antitrust approval from the Polish anti monopoly office for the acquisition. Miroslaw Fialek of Mrowiec Fialek and Partners acted as a legal advisor to ZAP Sznajder Batterien S.A. ZAP Sznajder Batterien S.A. completed the acquisition of 60.55% stake in Orzel Bialy S.A. (WSE:OBL) from PineBridge New Europe Partners II, L.P. managed by ForeVest Capital Partners on October 7, 2019.