Investment fund KJK Fund SICAV-SIF, brokerage firm SSIF Broker (BRK.RO) and consulting firm Andrei&Andrei Consultanta reached an agreement Wednesday, whereby they will act jointly regarding any decision involving the company.
The three shareholders, together with liquidator Casa de Insolventa Transilvania (CITR) and other five natural persons, including Andrei Cionca, hold a cumulative stake of 65.85% in Cemacon.
KJK Fund SICAV-SIF, registered in Luxembourg, owns a 29.2% stake, SSIF Broker holds 14.83%, while Cionca, CITR, the consulting firm and four other natural persons own a 21.82% stake.
Under capital market laws, investors who control directly or jointly with other people over 33% of a company listed on the stock exchange are obliged to launch a bid to acquire the remaining shares.
On the Bucharest Stock Exchange Friday, Cemacon rose nearly 15% at RON0.0447 a share, after it made public the agreement reached by the company’s main shareholders.