P.P. Porty Lotnicze made a tender offer to acquire 19.32% stake in Przedsiebiorstwo Handlu Zagranicznego Baltona S.A. (WSE:BAL) on October 15, 2019. P.P. Porty Lotnicze already have an agreement in place for acquisition of 80.68% stake in Przedsiebiorstwo Handlu Zagranicznego Baltona S.A. The agreement and tender offer is subject to approval from Polish Office of Competition and Consumer Protection. As of February 24, 2020, the transaction is approved by Polish Office of Competition and Consumer Protection (UOKiK). P.P. Porty Lotnicze completed the acquisition of 19.32% stake in Przedsiebiorstwo Handlu Zagranicznego Baltona S.A. (WSE:BAL) on February 26, 2020.