ZTE Cooperatief U.A. initiated a mandatory tender offer to acquire the remaining 51.96% stake in Netas Telekomünikasyon A.S. (IBSE:NETAS) on July 28, 2017. The shareholders accepting the offer during the offer period shall be subject to a cap of $51 million, and any mandatory tender offer payment obligations in excess thereof shall be borne by OEP Rhea Turkey Tech B.V. The mandatory tender offer payment in relation to A shareholders accepting the offer during the offer period undertaken by ZTE Cooperatief shall be subject to a cap of $21 million, and any amounts payable in excess thereof shall be borne by OEP. Additionally, mandatory tender offer payment in relation to B shareholders accepting the offer during the offer period undertaken by ZTE Cooperatief shall be subject to a cap of $30 million, and any amounts payable in excess thereof shall be borne by OEP. Following the performance of mandatory tender offer obligations by ZTE Cooperatief, OEP shall acquire from ZTE Cooperatief B shares in Netas under its payment obligations at such price and on such terms and conditions as identical to those applicable during the mandatory offer period. ZTE Cooperatief U.A. cancelled the tender offer of remaining 51.96% stake in Netas Telekomünikasyon A.S. (IBSE:NETAS) on July 28, 2018.