By comparison, the trading price for ELMA shares is RON0.183 per unit.
Thus, Infinity Capital is carrying out a public offer for the mandatory takeover of 425 million shares, namely, almost 63% of Electromagnetica’s share capital, in a deal worth nearly RON77 million. The period for the unfolding of the offer ranges between November 1 and 14, 2023 and the offer will be brokered by Swiss Capital. The offer comes in the context in which any shareholder exceeding 33% of a company’s share capital is obliged by law to launch a mandatory takeover offer.
Electromagnetica has a market capitalization of RON123 million. So far in 2023, the company’s shares have traded 25% higher amid deals worth RON17.4 million. In January-June 2023, the company had revenues of RON107 million and a net profit of RON8.4 million.