Tanemo a.s made a tender offer to acquire a 20% in MONETA Money Bank, a.s. (SEP:MONET) for CZK 8.2 billion on January 22, 2021. The offer will be to acquire a maximum of 20% stake at CZK 80 per share, with right to unilaterally increase this maximum volume up to 29%. On March 3, 2021, Tanemo exercised its right to increase stake. Tanemo will acquire 29% through the tender, hence paying CZK 11.9 billion. The voluntary tender offer will not result in takeover of control over Moneta. The offer further contemplates that the voluntary tender offer will be carried out in two phases, the first unconditional for 10% stake and the second conditional upon obtaining a regulatory approval (Czech National Bank). Management Board of MONETA is expected to provide its opinion by January 29, 2021. As on January 29, 2021, the transaction was approved by the board of MONETA Money Bank. The offer is valid for acceptances from February 8, 2021 to February 26, 2021. On February 23, 2021, Tanemo a.s. has extended the binding date of the public bid until March 5, 2021, in reaction to requests from MMB shareholders and administrators of property interests in the bank who are battling with longer deadlines during the pandemic to meet the formal requirements to accept the bid. J.P. Morgan is acted as financial advisor to MONETA. Centrální depozitar cennych papiri, a.s. acted as share registrar to MONETA Money.