PZ Cormay S.A. (WSE:CRM) agreed to acquire an additional 12.95% stake in Orphée SA (WSE:ORP) from TTL 1 SP Z O O for PLN 10 million on May 18, 2016. An agreement was signed on June 8, 2016. As part of consideration, PZ Cormay offered PLN 2 per share for 5 million Orphée shares. PZ Cormay will set off liabilities with TTL1. TTL will pay PZ Cormay the difference in cash in the amount of PLN 0.08 million created by mutual debts. The transaction is expected to be completed by June 15, 2016.

PZ Cormay S.A. (WSE:CRM) cancelled the acquisition of an additional 12.95% stake in Orphée SA (WSE:ORP) from TTL 1 SP Z O O on May 18, 2017.