Polski Koncern Miesny DUDA S.A (WSE:DUD) signed a letter of intent to acquire Meat-Pac Sp. z o.o. from Adam Marek Skwarek and Barbara Izabela Skwarek in December 2015. In a related transaction, Polski Koncern Miesny DUDA S.A signed a letter of intent to acquire BEKPOL Sp. z o.o. As of August 24, 2016, conditional agreement for the acquisition of Meat-Pac Sp. z o.o. was signed. The sale price is PLN 3 million and is subject to reduction based on closing balances of net working capital, cash, financial liabilities and net loss. The completion of the transaction is subject to the fulfillment of several conditions precedent, including approval by the President of the Office of Competition and Consumer Protection (UOKiK), the regularization of the logo of Meat-Pac and the conclusion by Polski Koncern Miesny DUDA S.A, sellers and BEKPOL Sp. z o.o. of a share purchase agreement. The transaction is expected to be completed by late October 2016. Polski Koncern Miesny DUDA S.A (WSE:DUD) completed the acquisition of Meat-Pac Sp. z o.o. from Adam Marek Skwarek and Barbara Izabela Skwarek on January 3, 2017. As part of the agreement, PLN 1 million is retained.