Tag Beteiligungs- Und Immobilienverwaltungs Gmbh entered into an agreement to acquire Vantage Development S.A. from Trade Bridge Czechy a.s., Nutit AS, Fedha sp. z o.o., Ogólnopolskie Porozumienie Zwiazków Zawodowych, Grzegorz Dzik and p.Józef Biegaj for approximately PLN 560 million on November 8, 2019. Under the terms of the tender offer Tag Beteiligungs- Und Immobilienverwaltungs will acquire 100% of the shares outstanding for the price of PLN 11.50 per share. The total transaction consideration will be fully paid by TAG's existing cash. The selling shareholders have committed to tender 100% of the shares outstanding. In related transaction, Commercial real estate business of Vantage Development will be repurchased by the selling shareholders. After completion of the transaction, delisting of Vantage Development's shares, currently listed on the Warsaw Stock Exchange, is intended. The deal is subject to mandatory anti-trust clearance. As of November 19, 2019, TAG Beteiligungs submitted an application to the Office of Competition and Consumer Protection ( UOKiK ) for the transaction. As of November 29, 2019, the transaction is approved by UOKiK. Closing of the transaction is expected in first quarter of 2020. Biedecki RadosLaw and Laurenz Wieneke of Noerr LLP acted as legal advisors to Tag Beteiligungs- Und Immobilienverwaltungs Gmbh. Tag Beteiligungs- Und Immobilienverwaltungs Gmbh completed the acquisition of Vantage Development S.A. from Trade Bridge Czechy a.s., Nutit AS, Fedha sp. z o.o., Ogólnopolskie Porozumienie Zwiazków Zawodowych, Grzegorz Dzik and p.Józef Biegaj on January 13, 2020 in a tender offer transaction. As a result of the settlement of the call (Tender Offer) to subscribe for 48.567 million shares. TAG Beteiligungs now holds 100% share capital in Vantage Development. Before the settlement TAG had no shares in Vantage.