The market operator also approved listing a 17-year bond issue worth 100 million lei (EUR24.3 million) launched by Timis County Council.

Retrasib has a share capital of RON5 million, divided into 50 million shares with a face value of RON0.1.

The company is 58.16%-owned by brothers Octavian and Calin Buzoianu.

Despite their intent to transfer Retrasib to the Bucharest bourse, the two brothers have launched a takeover offering amounting to nearly EUR2.6 million for the remaining shares in Retrasib. After they had increased their stake to 95%, Octavian and Calin Buzoianu will be able to delist the company.