Maform Holding Luxembourg S.a r.l. made a tender offer to acquire additional 33.6% stake in Fabryki Mebli FORTE S.A. (WSE:FTE) for approximately PLN 240 million on September 4, 2020. Maform Holding Luxembourg will acquire 8.3 million shares at an offer per share of PLN 27.2. As per the update on October 2, 2020, the tender offer price has been increased to PLN 30.10 per share. Transaction will be accepted from September 24, 2020 to October 7, 2020. Maform Holding Luxembourg S.a r.l will acquire the shares of Fabryki Mebli FORTE S.A under tender offer despite condition set in tender offer not having been met. The planned date of the transaction is October 9, 2020 and its settlement date is October 13, 2020. Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna (WSE:PKO) acted as manager to the offer. Jakub Celinski of Dentons acted as legal advisor for Maform Holding Luxembourg S.a r.l. Maform Holding Luxembourg S.a r.l. completed the acquisition of additional 8.6% stake in Fabryki Mebli FORTE S.A. (WSE:FTE) for PLN 61.7 million on October 9, 2020. Maform acquired 2.1 million shares of Fabryki Mebli FORTE.