The completion of the agreement depends on the fulfilment of certain conditions precedent, including, but not limited to, the regulatory approvals from the Romanian competent authorities.
The price per share will be set subsequently depending on a series of financial adjustments based on an agreed value of EUR14.5 million.
Argus posted RON10.7 million losses during the January-June 2025 period, from a negative RON11.7 million result in the year-earlier period. Turnover dropped by 41% to RON49 million.
Buildcom is affiliated with Oliva AD, the largest producer of raw and refined sunflower oil in Bulgaria.
(English version by Catalina Apostoiu)