21 Concordia signed an agreement in principle to acquire 25.12% stake in Adesso S.A from Redan Spólka Akcyjna (WSE:RDN) for €8.4 million on August 21, 2014. Under the terms of the transaction, 21 Concordia will also gain an option to purchase a further 10.76% in Adesso S.A for €3.6 million, to be exercised not later than within 10 working days of the approval by Adesso's annual general meeting of its financial report for the fiscal year ending December 31, 2014. A formal investment agreement is to be concluded by the end of August 2014. Adesso S.A. reported sales of approximate €55 million for 2013. The deal is subject to approval by Redan's banks. The proceeds from the share sale are to be used in roughly equal parts towards repayment of Redan's debt and to support its fashion division, a working capital increase and collection purchases. Dubinski Fabrycki Jelenski i Wspolnicy Kancelaria Prawna Spolka Komandytowa acted as the legal advisor to Redan S.A.

21 Concordia completed the acquisition of 25% stake in Adesso S.A from Redan Spólka Akcyjna (WSE:RDN) on November 6, 2014.