Value Fundusz Inwestycyjny Zamkniety Subfundusz 1 managed by AgioFunds Towarzystwo Funduszy Inwestycyjnych S.A., made a bid to acquire remaining 34.01% stake in Sanwil Holding Spólka Akcyjna (WSE:SNW) for PLN 4.3 million on May 8, 2017. As part of the deal, Value Fundusz Inwestycyjny Zamkniety Subfundusz 1 made a tender offer for the remaining 5.68 million shares at a price of PLN 0.74 per share. The tender offer will be accepted from May 30, 2017 to June 30, 2017. On May 17, 2017, the offer price for Sanwil Holding was increased to PLN 0.75 per share. On May 26, 2017, the Management Board of Sanwil Holding said that the offer price does not reflect the fair value of Sanwil Holding.