PMPG Polskie Media SA (WSE:PGM) agreed to acquire an additional 50.1% stake in Orle Pioro Sp. z o.o. from Michal Lisiecki for PLN 11.9 million on October 31, 2017. Under the terms of the transaction, PMPG Polskie Media SA will acquire 501 shares of Orle Pioro and pay PLN 9.82 million in cash and PLN 2.09 million via new share issue. The settlement of the transaction, in part in which the payment for the purchase of shares is to take place in cash, will be made by offsetting PMPG Polskie Media SA 's claims arising from bonds issued by Capital Point Sp. z o.o., owned by Lisiecki Investments Ltd. Post-completion, PMPG Polskie Media will own 81% stake in Orle Pioro Sp. z o.o. The transaction is expected to be completed by December 31, 2018.