Elemental Holding S.A. (WSE:EMT) and Fundusz Ekspansji Zagranicznej Fizan, fund of PFR Towarzystwo Funduszy Inwestycyjnych S.A. acquired 66% stake in Pgm Of Texas, LLC for $12 million on December 20, 2019. The purchasing price of shares was split into two with the first installment amounting to $12.02 million, and financed using the company's own capital and partially external funds, that is a loan granted by the Polish investment bank BGK. The second installments is to be determined based on the level of the EBITDA of PGM for 2020 and shall be paid pending the approval of audited financial statements for that year. Elemental Holding S.A. (WSE:EMT) and Fundusz Ekspansji Zagranicznej Fizan, fund of PFR Towarzystwo Funduszy Inwestycyjnych S.A completed the acquisition of 66% stake in Pgm Of Texas, LLC on December 20, 2019.