The proposition will be discusses by shareholders on September 24, Albalact said in a statement Wednesday.
The shares will be redeemed at prices ranging between RON0.1 and RON0.16 per unit, depending on available money. Considering minimum and maximum prices, Albalact would pay RON13 million to RON20.8 million for the 19.67% stake.
On Wednesday, Albalact shares traded at RON0.1521 per unit.
The company registered turnover of 204.5 million lei (EUR46.5 million) in the first half of 2013, up 23% on the year, and profit of RON4.4 million.
Albalact is controlled by businessman Raul Ciurtin, who holds 42.53% of the shares through firms Crisware Holdings (26.86%) and Croniar Holdings Limited (15.67%). Investment fund RC2 owns a 25.45% stake in the company.