Maksymilian and Michal Skotnicki launched tender offer to acquire additional 33.05% stake in Pepees S.A. (WSE:PPS) for PLN 45.5 million on January 8, 2018. Under the terms of the offer, Maksymilian and Michal Skotnicki offered to acquire 31.4 million shares of Pepees with tender offer price of PLN 1.45 per share. If the acquisition is successful, Maksymilian and Michal Skotnicki will together increase their stake in Pepees, from 21.69% and 11.26% respectively to 66% upon completion. The offer is subject to minimum tender of at least 17.05% of the Pepees’ shares. The offer period is from January 26, 2018 to February 8, 2018. DM BPS acted as broker in the deal. Maksymilian and Michal Skotnicki launched tender offer to acquire additional 11.29% stake in Pepees S.A. (WSE:PPS) for PLN 15.6 million on February 8, 2018. A total of 10,725,769 shares of Pepees were tendered in the transaction. The minimum tender offer condition has not been fulfilled. Michal Skotnicki did not obtain unconditional consent of the President of the Office of Competition and Consumer Protection for the concentration consisting in Michal Skotnicki's acquisition of control over Pepees' shares. Also, the general meeting of Pepees did not adopt a resolution regarding the change in the composition of the supervisory board, appointing one candidate nominated by Michal Skotnicki to the supervisory board. The shares subscribed so far will be settled on February 15, 2018.