“The merger envisages strengthening the production and distribution of Pegas bikes at the level of NOD. More exactly, the merger targets improved and more efficient operating activities on the segment of Pegas bikes production and distribution”, according to the company’s decision.
Atelierele Pegas in 2021 posted RON6.1 million turnover, down 37%, and net losses of RON1.5 million, 41% lower year-on-year.
The merger between NOD and Pegas will become legally effective on September 30, 2022.
The majority stakeholder in NOD is Iulian Stanciu, with an 89.5% stake.
(English version by Catalina Apostoiu)