PL Group S.A. (WSE:PLG) signed a letter of intent to acquire 10% stake in PU Group Ltd for PLN 10 million on April 17, 2019. PL Group S.A. will purchase shares representing 3% to 10% of the share capital of PU Group. PL Group will conduct PL Group and depending on the results of the analysis of the legal and financial situation of the PU Group, PL Group will submit a binding offer for the purchase of shares. The value of PU Group may change after conducting due diligence by PL Group. If the parties to the contract do not agree the terms of the sale agreement by May 1, 2019, the letter of intent will automatically expire. PL Group S.A. (WSE:PLG) cancelled the acquisition of 10% stake in PU Group Ltd on April 17, 2020.