Polinvest 7 S.a.r.l made an offer to acquire 74.01% stake in SARE S.A. (WSE:SAR) from WS Investments Limited, Petrovasko LTD, Damian Rutkowski and other shareholders for PLN 38.5 million on December 15, 2017. As reported, Polinvest 7 will acquire 1.7 million shares of SARE S.A. at an offer price of PLN 22.7 per share. Following the offer, Tomasz Sebastian Pruszczynski will keep his 25.99% stake in SARE S.A. while Polinvest 7 will acquire the remaining shares. In December, WS Investments Limited, Petrovasko LTD and Damian Rutkowski pledged to sell 1.18 million shares, representing 51.38% stake in the tender. The tender offer will be open from January 9, 2018 till February 15, 2018. As of January 30, 2018, the transaction received consent from the President of the Office of Competition and Consumer Protection. As on February 8, 2018, Polinvest 7 has secured the minimum number of 0.92 million SARE shares covered by the tender and will go through. DM Millennium acted as intermediary and offer manager in the deal. Polinvest 7 S.a.r.l completed the acquisition of 65.45% stake in SARE S.A. (WSE:SAR) from WS Investments Limited, Petrovasko LTD, Damian Rutkowski and other shareholders for PLN 34 million on February 20, 2018. WS Investments Limited sold its entire 34.98% stake and Petrovasko LTD sold its entire 10.5% stake in SARE S.A.