The fund holds 50% of SCTB shares, and it will launch the offer through CCCF- Drumuri si Poduri Timisoara, another firm it controls.
Do-Fi South-East Holding is acting in concert with KBC Securities Romania general manager, Sorin Apostol (12.23%), and Adrian Costin (0.13%). In all, the group making the offer holds 62.35% in SCTB.
The fund proposes a price of RON11.1 per share, up 15% from RON9.65, the latest price on the Rasdaq market.
The offer will unfold between September 8 and 28, and it will be brokered by KBC Securities Romania. (EUR1=RON4.2429)