Ameropa Grains was last traded in Bucharest on November 10 at RON5.5 a share.
Ameropa Holding owns 96.57% in Ameropa Grains and plans to purchase the remaining shares before delisting the company. The Swiss company will offer RON2.5 million (EUR579,000) for the remaining 3.43%.
The Romanian securities commission sanctioned the operation Tuesday and suspended Ameropa Grains from trading.
Ameropa Grains reported a net profit of RON7.8 million in 2010, versus a loss of RON7.3 million a year earlier. The company’s sales rose 59% to RON218 million.
Ameropa Holding is a Swiss privately-owned global fertilizer and grain trading company that markets more than 10 million tons of fertilizer a year.
End-October, the Swiss company said it has reached an agreement to buy the Romanian fertilizer company Azomures SA (AZO.RO), pending approval from the local regulatory authorities.