The offer targeted 25 million Zentiva shares, accounting for 4.0251% in the issuer, but eventually 319.849 shares were purchased for RON1.3 million. BRD-Groupe Société Générale handled the tender offer, according to a report to the Bucharest Stock Exchange.
Zentiva SA – one of the largest companies on the Bucharest Stock Exchange, valued at RON2.8 billion, now meets the delisting criteria, as the majority shareholder owns more than 95% in it, the report says.
Zentiva doubled profit to RON143 million in the first half of 2024, while revenue increased by 22% to RON551 million. Spending went up by 5.5% to RON407 million.
Its shares have gained 40% since the beginning of the year and 70% in the past 12 months.
(English version by Loredana Fratila-Cristescu)