On December 11, Dedeman bought the shares at a price of RON0.55 per share, which raises the value of the stake acquired to RON7.4 million.
The deal was brokered by BT Capital Partners.
Dedeman held 29% in Cemacon at the end of June 2017, and following yesterday’s transaction, Dedeman came to own 40.7% in Cemacon. Business Capital for Romania is Cemacon’s second largest shareholder with a 33% stake.
Dedeman, held by brothers Adrian and Dragos Paval, is the most powerful entrepreneurial business in Romania, with an annual turnover of RON5.2 billion.