An industry investor made an offer to acquire Libet S.A. (WSE:LBT) on March 18, 2020. An industry investor entered into a conditional binding offer to acquire Libet S.A. (WSE:LBT) for PLN 140 million on March 25, 2020. The transaction is subject to the tenderer's satisfaction with the results of exclusive due diligence, contractual terms that are satisfactory to both sides have been negotiate, necessary consents from antitrust authorities, other necessary consents will be obtained. Management Board has not made any decision as to whether to accept or reject the offer, and thus to agree to start the due diligence process and to start exclusive negotiations. The offer is expected to be closed on March 25, 2020.