Iulius, though Carbo Europe, already owns nearly 70% in Carbochim and a buyout would allow it to delist the company from the Bucharest Stock Exchange.
Carbo Europe is offering RON15.1 per share, 4% higher than the latest closing price.
Capital Market
Iulian Dascalu Offers EUR23.5M for 31% in Carbochim
Real estate developer Iulius, owned by Iulian Dascalu, is offering RON23.5 million to acquire 31% of industrial abrasives manufacturer Carbochim (CBC.RO) via Carbo Europe in an offer on the Bucharest Stock Exchange that ends on March 6.