Libet Spólka Akcyjna (WSE:LBT) signed a letter of intent to acquire 50% stake in Gerwing Sachsen GmbH & Co KG from Gerwing Steinwerke Gmbh on September 29, 2015. The deal will be funded through internal resources and the agreement will be signed in December 2015. The deal is expected to close in the first quarter of 2016. As of March 24, 2016, transaction is expected to be finalised next month. Libet Spólka Akcyjna (WSE:LBT) cancelled the acquisition of 50% stake in Gerwing Sachsen GmbH & Co KG from Gerwing Steinwerke Gmbh on September 29, 2016.