Agencja Rozwoju Przemyslu S.A. made an offer to acquire remaining 52.71% stake in Fabryka Obrabiarek RAFAMET S.A. (WSE:RAF) from Krzysztof Jedrzejewski, Promack sp.z o.o., Iskra sp.z o.o, and others on October 11, 2021. As per terms, 2,276,487 Rafamet shares, representing approx. 52.71% shall be acquired. The call was preceded by the conclusion on July 12, 2021 of a letter of intent (Term Sheet) regarding the acquisition by Agencja Rozwoju Przemyslu SA shares in RAFAMET S.A. from Krzysztof Jedrzejewski and companies Promack sp.z o.o. and Iskra sp.z o.o. On October 11, 2021, these parties also finally agreed on the terms of the share sale transaction as part of the tender offer to subscribe for the sale of the shares. Pursuant to the concluded agreement, Krzysztof Jedrzejewski, as well as companies Iskra sp z o.o and Promack sp z o.o, controlling a total of almost 33% will sell their shares to the Industrial Development Agency for the amount of approximately PLN 18.4 million. As of date of the tender offer announcement, IDA holds 2,042,214 shares in Rafamet, representing approximately 47.29% of the total number of shares. As of December 16, 2021, Agencja Rozwoju Przemyslu S.A. has acquired additional 1.9 million shares under tender offer.