Zimtub’s minority shareholders, who disagreed with the company’s delisting, were offered 3.9647 lei (EUR0.87) per share, 58% more than the latest price on the bourse.
Zimtub shareholders approved the company’s delisting in the general assembly held in October.
The company is indirectly owned by businessman Ioan Niculae. According to the latest reports, shareholders include Inter Ferm Fantanele with 32.87%, Interagro Zimnicea with 24.43% and Belize-registered Flamboyant Ventures with 24.93%.
Zimtub reported turnover of RON5.3 million in the first half of the year, more than three times lower than its RON17 million turnover in the same period a year ago. (EUR1=RON4.5388)