Electroarges owned 35.52% in Amplo on February 18, and it has lately bought a 12.71% stake, increasing its stake in Amplo to 48.23% currently, according to the latest data.
According to the company’s data, Electroarges and Galgros Galati, both companies controlled by local entrepreneur Catalin Chelu, jointly own over 50% in Amplo.
Under capital market laws, investors owning over 33% in a company listed on the stock exchange must launch a bid to acquire the remaining shares.
On the Bucharest stock exchange last Wednesday, Amplo closed up 0.84%, at RON3.6 a share.