Jozef Wojciechowski made an offer to acquire the remaining 34.04% stake in J.W. Construction Holding S.A. (WSE:JWC) for approximately PLN 140 million on January 20, 2017. As reported, Jozef will acquire 30.25 million J.W. Construction Holding shares at a price of PLN 4.7 per share. Post-completion, Jozef intends to maintain the J.W. Construction's listing on the regulated market of the Warsaw Stock Exchange. Jozef Wojciechowski, directly and indirectly, controls 58.6 million shares or a 65.96% stake in JW Construction. If the tender offer is successful, Jozef Wojciechowski will raise his stake to 100%. The entries in the tender offer will be accepted from February 9, 2017 to March 15, 2017. As of February 7, 2017, the management of J.W. Construction Holding S.A. reported the tender offer price is fair. As on March 13, 2017, Jozef Wojciechowski increased the offer price to PLN 5.2 per share. The transaction is expected to settle on March 17, 2017.