The company summoned a shareholders’ meeting for March 16 to approve the deal.
MAM Bricolaj is looking to buy two adjacent plots of land with two buildings located in Bucharest’s Prelungirea Ghencea area for EUR1.35 million.
MAM Bricolaj is 67.5% owned by Cristian Gavan (CEO) and 7.5% by Petruta-Puica Gavan, while nearly 25% is stock market free float.
MAM Bricolaj’s turnover grew nearly 32% and its profit soared 60% on the year in January-September 2020. The company went public on the Bucharest Stock Exchange’s AeRO market on January 20, 2021. It has a stock market capitalization of RON59.3 million after its shares grew 75% since its market debut.