Watchet Sp. z o.o. offered to acquire additional 35.02% stake in Ferrum S.A. (WSE:FER) for PLN 86.9 million on May 24, 2018. Under the offer, Watchet Sp. z o.o. will acquire 19.79 million shares of Ferrum S.A. at PLN 4.39 per share. On completion, Watchet will own 67.18% stake in Ferrum. In a related transaction, Watchet Sp. z o.o. reached an agreement with FIPP FIZAN, MEZZANINE FIZAN and MW Asset Management sp. z.o.o. to reach 100% of Ferrum S.A after tender offer. The offer will remain open from June 14, 2018 till July 13, 2018. Watchet SP. Z O.O. completed the acquisition of an additional 16.76% stake in Ferrum S.A. (WSE:FER) for PLN 41.6 million on July 13, 2018. As part of the offer, Watchet acquired 9.47 million shares in Ferrum.