Centrum Targowa Sp. z o.o. intends to acquire 50.36% stake in PETRO EnergoRem Sp. z o.o. from Chemoservis-Dwory S.A. (WSE:CHS) for PLN 8.5 million on September 7, 2016. On October 3, 2016, Centrum Targowa entered into an agreement to acquire PETRO EnergoRem from Chemoservis-Dwory. Centrum Targowa Sp. z o.o. will acquire 5,036 shares of PETRO EnergoRem and will pay PLN 1,685 per share. As per the agreement dated October 3, 2016, consideration will be paid in installments, where advance payment in the amount of PLN 0.25 million was paid on the September 7, 2016, amount of PLN 0.536 million will be paid on October 7, 2016 and amount of PLN 7.7 million will be paid on October 26, 2016. As on October 27, 2016, parties introduced a new schedule for settlement of consideration, where advance payment of PLN 0.25 million was paid on the September 7, 2016, amount of PLN 0.5 million was paid on October 21, 2016 and the amount of PLN 7.74 million will be paid on November 15, 2016. On November 16, 2016, the Board of Chemoservis-Dwory informed that until November 15, 2016 the full consideration payable by Centrum Targowa hasn’t been regulated. Parties of the transaction agreed the date of transfer of ownership of shares to the Purchaser on the day of the settlement of remuneration.