Grupa RECYKL S.A. (WSE:GRC) and Rula Vermogensverwaltungs GmBH signed conditional preliminary agreement to acquire Atb Truck S.a from Pekaes SA (WSE:PEK) for PLN 6.9 million on October 27, 2011. As part of the transaction, Grupa RECYKL S.A wil acquire a property in Sremfor PLN 3.9 million and Rula Vermogensverwaltungs will acquire a property in Tychy for PLN 3.2 million. The transaction is subject to satisfactory due diligence and the buyer obtaining financing. The consideration could be funded through a share or bond issue and is expected to close by the end of 2011. In case of non-occurrence until March 2, 2012, the date of planned conclusion of the final sale agreement for the shares, the agreement was to terminate. As of March 2. 2012, Grupa RECYKL, Rula Vermogensverwaltungs and Pekaes entered into a memo of understanding on further performance of the conditional agreement. According to the memo of understanding, an agreement will be signed by March 12, 2012 and the transaction is expected to close by May 15, 2012. As of March 12, 2012, Grupa RECYKL, Rula Vermogensverwaltungs entered into an investment agreement to acquire ATB Trucks from Pekaes. Under the terms of the agreement, PLN 6 million will be paid on closing and PLN 0.9 million will be paid until May 31, 2012. Grupa RECYKL S.A. (WSE:GRC) and Rula Vermogensverwaltungs GmBH cancelled the acquisition of Atb Truck S.a from Pekaes SA (WSE:PEK) on March 26, 2012. The transaction is cancelled as one of the conditions precedent stipulated in the conditional sale agreement was not fulfilled.