CERRAD Ltd. made a bid to acquire Ceramika Nowa Gala SA (WSE:CNG) from Waldemar Piotrowski, Metlife Towarzystwo Funduszy Inwestycyjnych S.A., Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A., Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. and others for PLN 35.2 million on September 3, 2019. Cerrad set the price at PLN 0.75 per share for 46.9 million shares. Waldemar Piotrowski will be selling 23.04% stake, Metlife Towarzystwo Funduszy Inwestycyjnych S.A. is selling 18.03% stake, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. is selling 5.43% stake and Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. is selling 5.02% stake in Ceramika. Cerrad aims to take Ceramika Nowa off the stock market. Miroslaw Fialek, Zbigniew Mrowiec and Grzegorz Barszcz of Mrowiec Fialek and Partners acted as legal advisors to Ceramika. Santander Bank Polska SA acted as the financial advisor to Ceramika. CERRAD Ltd. completed the acquisition of 78.59% stake in Ceramika Nowa Gala SA (WSE:CNG) from Waldemar Piotrowski for PLN 27.6 million on September 26, 2019. The Office for Competition and Consumer Protection (UOKiK) has approved the transaction.