Koninklijke Bunge B.V. made an offer to acquire remaining 35.8% stake in Zaklady Tluszczowe Kruszwica S.A. (WSE:KSW) from Zaklady Tluszczowe and others for approximately PLN 500 million on December 9, 2020. Under the terms offer is made for 8.2 million shares for PLN 66.3 per share. The offer period will start from December 31, 2020 and close on January 29, 2021. Pre acquisition Koninklijke Bunge B.V. holds approximately 64.2% stake in Zaklady Tluszczowe Kruszwica S.A. and post acquisition will hold 100% stake in Zaklady Tluszczowe Kruszwica S.A. Koninklijke Bunge B.V. might delist Zaklady Tluszczowe Kruszwica S.A after the tender and might launch a mandatory squeeze-out. As announced on December 28, 2020, the management of Zaklady Tluszczowe believes offer price reflects fair value of Zaklady Tluszczowe.