Acciona, S.A. (BME:ANA) made an offer to acquire the remaining 49.91% stake in Mostostal Warszawa S.A. (WSE:MSW) for PLN 34.4 million on July 2, 2019. Under the terms, Acciona will acquire 9.9 million shares for PLN 3.45 per share. As of July 29, 2019, Acciona, S.A. made an another offer to acquire the remaining 49.91% stake in Mostostal Warszawa S.A. (WSE:MSW) for PLN 44.9 million. Under the revised terms, Acciona will acquire 9.9 million shares for PLN 4.5 per share. Acciona has committed to proceed on the purchase if at least 15.91% is tendered. As of August 6, 2019, Acciona decided to acquire shares of Mostostal Warszawa despite the condition not being met. The subscription period will start on July 23, 2019, and is expected to end on August 21, 2019. If the takeover bid is successful, Acciona plans to delist Mostostal Warszawa from the stock market. Santander Bank Polska-Santander Brokerage Poland has been appointed as an agent for the transaction. As of July 18, 2019, Deloitte Advisory acted as financial advisor to the management board of Mostostal Warszawa S.A.

Acciona, S.A. (BME:ANA) completed the acquisition of 62.13% stake in Mostostal Warszawa S.A. (WSE:MSW) for Approximately PLN 11 million on August 21, 2019. Acconia has acquired 2.407 million shares for a price of PLN 4.5 per share. The total amount shares acquired after the tender offer is PLN 10.834 million.