Decirom is 43.4% held by Fortaletza Management SRL, a company controlled by Vicente Jose Antonio Perez, 42.5% by Roumanie Industries Ciments Offshore SAL (Lebanon). Shareholders also include Spain’s Rotracsa (13.6%) and Black Sea Invest Company (0.4%), in turn owned by Fortaletza Management.
“The Board of Directors approved the mandate of the executive management to conclude a preliminary transaction agreement and negotiate the contractual conditions for the acquisition of a block of shares representing 99.9% of the share capital of a company registered in Romania with activity in the field of port operations,” TTS’ report to the Bucharest Stock Exchange says.
Decirom posted EUR407,200 net profit in 2021, an increase of 69.5% on 2020, while revenue stood at EUR5.4 million and was 11.7% higher, Confidas.ro data show.
The target company has operational capabilities complementary to TTS group (including operative berths, quay cranes, railway lines) and is part of the port operation segment of TTS group, contributing to the expansion of capacity and the diversification of the services provided by the group.
The target company uses strategically positioned port land, and owns storage platforms and covered warehouses, as well as equipment that allows the scaling of TTS’s activity and its subsidiaries.
(English version by Loredana Fratila-Cristescu)