“In this regard, CEMACON has submitted to the Competition Council the necessary documentation for the approval of the transaction. Following the obtaining the approval of the Competition Council, the acquisition procedure will take the next steps,” the company said in its report to the Bucharest Stock Exchange.
Listed on the main segment of the Bucharest Stock Exchange, Cemacon is held 78% by Paval Holding, the special purpose vehicle of brothers Adrian and Dragos Paval, the founders of DIY retailer Dedeman, 16.8% by PIF Industrial, while the rest is held by other shareholders.
Cemacon shares have lost 0.67% in 2023 and 12.5% in the past twelve months, on RON4.3 million transactions. The company’s market value stands at RON416.2 million.
(English version by Loredana Fratila-Cristescu)