Between November 6 and 26, Ameropa had unfolded an offer for Chimpex’s minority shareholders, proposing a price of 11.2 lei (EUR2.5) per share for the 1.72% stake it did not hold before delisting the company.
Ameropa took over only 0.01% of the company’s shares for RON11,700, raising its stake in Chimpex to 98.28%, which allowed it to set off delisting procedures. Ameropa paid RON2.2 million for the stakes held by minority shareholders.
The offer was unfolded via Romanian fertilizer producer Azomures, which had already been delisted from the Bucharest Bourse by Ameropa.
Chimpex shares have been suspended from trading on the bourse Tuesday. The last trading price for Chimpex shares was RON11.1 a share, slightly below the price per share offered to minority shareholders before the delisting.
In January to September 2012, Chimpex reported 13% higher turnover to RON48.1 million and loss of about RON1.5 million. In the same period in 2011, Chimpex reported turnover of RON42.6 million and profit of RON6.4 million. (EUR1=RON4.4672)