The actual transfer of shares to the new shareholder is subject to suspensive conditions, which include securing approval from the competition watchdog. Once the suspensive conditions have been met, Elefant Online will notify investors and anyone interested about that, the company said in its report to the Bucharest Stock Exchange.
Confidas.ro shows that Evolution Prest Systems is 63.63% owned by Mihai Ispas Patrascu, founder and CEO of online retailer evoMAG.
Elefant did not specify what the suspensive conditions were.
Elefant posted RON27.4 million net loss in 2022, compared with a RON15.4 million loss in 2021, while sales stood at RON175.2 million, 18.8% lower, according to ZF’s calculations based on the retailer’s unaudited financial report.
(English version by Loredana Fratila-Cristescu)